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Interparfums — Earnings Release 2016
Nov 8, 2016
1445_iss_2016-11-08_92cff5fe-d57d-4b1f-84ce-e6fe814062f5.pdf
Earnings Release
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interparfums
2017 outlook Continuing sustained growth
Paris, November 8, 2016
2016: Major launches
After 2015, dominated by the Rochas brand acquisition and the signature of a license agreement with the American brand, Coach, annual highlights for 2016 will include the launch of two major and very promising lines, Montblanc Legend Spirit in the spring and Coach in the fall.
Against the backdrop of continuing alobal economic and aeopolitical instability, sales are expected to reach €350 million for the 2016 full year, in line with recently raised guidance, representing growth of nearly 7% from 2015.
The 2016 operating margin should fall within the 12.5%-13% range, and reflecting intentional and targeted increases in marketing and advertising spending in the fourth quarter.
2017: Continuing sustained growth
Growth is expected to continue in 2017 at a steady pace, bolstered in the spring by:
- . The launch, initially in around twelve countries, of the first fragrance line developed under the Rochas brand since its acquisition in May 2015;
- Two important initiatives for the Jimmy Choo Signature and Jimmy Choo Man lines;
- The continuing roll out of the Lanvin Modern Princess line in international markets:
- Several launches, namely under the Boucheron and Karl Lagerfeld brands.
The fall will see the launch of the Coach men's line, one year after launching the women's line.
On that basis, annual sales for 2017 should reach €380 million, representing growth of more than 8% from 2016. The operating margin for 2017 may accordingly reach nearly 13% based on current exchange rate levels.
Upcoming events
Actionaria trade show, Paris November 18 & 19, 2016
Publication of 2016 sales January 31, 2017 (before the opening of trading)
Investor Relations and Analysts Contact
Philippe Santi Executive Vice President [email protected]
Media Contact
Cyril Levy-Pey Communication Director [email protected]
Shareholder information
+33 1 53 77 00 99
Interparfums 4 rond-point des Champs Elysées 75008 Paris - France Tel. +33 1 53 77 00 00
Visit us on interparfums.fr
ISIN : FR0004024222-ITP
Reuters : IPAR.PA
Bloomberg : ITP
Indices : CAC Mid & Small / CAC PME /
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