<\/p>\n
Philippe Benacin<\/strong>, the CEO of Interparfums, has much to celebrate. His group “had an exceptional year” in 2022<\/strong>, “well above our initial forecasts”<\/em> and “despite recurring supply chain issues and very low finished goods inventory levels”.<\/em><\/p>\n <\/p>\n With a 26% increase in sales to 706.6 million euros, the group is finally well within the range of “around 705-710 million euros”<\/em> expected in its last forecasts. Interparfums had raised its forecasts four times in recent months.<\/p>\n <\/p>\n <\/p>\n “Despite a tense geopolitical context, the perfumery market has maintained a strong growth momentum in almost all regions,”<\/strong> <\/em>said the CEO, pointing to “sales levels now between 150 and 200 million euros” for three brands in its portfolio. Sales of its first licence, Montblanc, jumped by 29% to 184 million euros, followed by Jimmy Choo (+39% to 181.6 million) and Coach (+33% to 153.8 million).<\/strong><\/p>\n <\/p>\n In addition to these well-established drivers, Interparfums can also count on promising relays. Its first line of Moncler perfumes, launched in mid-2021, has already generated 14 million euros in sales in 2022.<\/p>\n <\/p>\n Philippe Benacin<\/strong> is also counting on the Lacoste licence, signed last December, to “provide a lot of visibility for its future growth”,<\/em> with an “original fashion sport positioning”.<\/em> Interparfums will develop the fragrances of the crocodile brand worldwide from 1 January 2024, for an unprecedented period of fifteen years.<\/p>\n <\/p>\n <\/p>\n Geographically, all continents posted double-digit growth\u00a0<\/strong>: +28% to \u20ac116.7 million in Western Europe, +26% to \u20ac98.6 million in Asia and +27% to \u20ac286.4 million in North America, “despite shipping difficulties in the first half of the year in the US”. In France, Interparfums sales increased by 10% to 39.4 million euros.<\/p>\n <\/p>\n <\/p>\n Despite this remarkable 2022 fiscal year, Interparfums is keeping a cool head for 2023<\/strong>, with inflation still on the horizon. The group intends to face this challenge by increasing its sales prices as early as February and thanks to a still favorable dollar\/euro exchange rate.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0Interparfums raises its 2022 financial forecast<\/a><\/p>\n <\/p>\nThree flagship brands<\/h2>\n
Double digit growth everywhere<\/h2>\n