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Interparfums announced record annual results on Wednesday. Executives also expressed confidence for 2023.
A surprising growth. Interparfums, the manufacturer and distributor of licensed perfumes created in 1982, published its annual results for the year 2022 on Wednesday. Already published in January, sales reached 706.6 million euros, up 26%, 94% of which was generated internationally.
Net profit attributable to the group rose by 40% to 99.5 million euros. Interparfums also reported a 33% increase in income from operations to 131.8 million euros. 131.8 million, bringing the margin to 18.7% of revenues, compared to 17.6% in 2021.
These excellent results exceed expectations. The listed group expected its operating margin to exceed 17%, while analysts were forecasting an average net profit attributable to the group of only 88.9 million euros and an operating profit of 121.2 million euros.
Montblanc success
Among its various licenses, the Montblanc license is making a splash. Having reached a turnover of more than 180 million euros in 2022, a fivefold increase since 2011, Montblanc fragrances are thus asserting themselves as a major player in the global men’s fragrance industry. Montblanc and Interparfums have already decided, even before the end of their contract, to extend their partnership for 5 more years, until the end of 2030.
Confident in the future
Philippe Benacin, CEO of Interparfums, expressed his satisfaction with such results “in a troubled economic and geopolitical context” in 2022. He also said he was “optimistic” for 2023 despite a still uncertain environment. His group is targeting revenues of 750 million euros this year, an increase of 6%.
“If the lack of visibility, persistent, incites us to prudence, we are not less optimistic as for the continuation of a sustained growth combined with a high profitability”, indicated the deputy general manager of the group, Philippe Santi.
On the strength of these good results, Interparfums’ Board of Directors will propose a 23% increase in its dividend per share to €1.05 from €0.94 for 2021, to be voted on at the Annual General Meeting on April 21. The group is also planning to allocate free shares in June, for the 24th consecutive year, at the rate of one share allocated for every 10 held.
Read also >Idealo study reveals the three best-selling fragrances for Valentine’s Day
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Interparfums announced record annual results on Wednesday. Executives also expressed confidence for 2023.
A surprising growth. Interparfums, the manufacturer and distributor of licensed perfumes created in 1982, published its annual results for the year 2022 on Wednesday. Already published in January, sales reached 706.6 million euros, up 26%, 94% of which was generated internationally.
Net profit attributable to the group rose by 40% to 99.5 million euros. Interparfums also reported a 33% increase in income from operations to 131.8 million euros. 131.8 million, bringing the margin to 18.7% of revenues, compared to 17.6% in 2021.
These excellent results exceed expectations. The listed group expected its operating margin to exceed 17%, while analysts were forecasting an average net profit attributable to the group of only 88.9 million euros and an operating profit of 121.2 million euros.
Montblanc success
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Interparfums announced record annual results on Wednesday. Executives also expressed confidence for 2023.
A surprising growth. Interparfums, the manufacturer and distributor of licensed perfumes created in 1982, published its annual results for the year 2022 on Wednesday. Already published in January, sales reached 706.6 million euros, up 26%, 94% of which was generated internationally.
Net profit attributable to the group rose by 40% to 99.5 million euros. Interparfums also reported a 33% increase in income from operations to 131.8 million euros. 131.8 million, bringing the margin to 18.7% of revenues, compared to 17.6% in 2021.
These excellent results exceed expectations. The listed group expected its operating margin to exceed 17%, while analysts were forecasting an average net profit attributable to the group of only 88.9 million euros and an operating profit of 121.2 million euros.
Montblanc success
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