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Interparfums Earnings Release 2025
1445_10-q_2025-10-21_2c7be7cb-4b8e-4ea3-89ef-09685241829a.pdf
Earnings Release
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INTERPARFUMSSA
2025 nine-month sales
€710m at constant exchange rates (+4.4%)
Despite a high basis of comparison related to record activity in the third quarter of 2024, 2025 Q3 sales reached €261.7m at constant exchange rates, up 1.6% vs. Q3 2024, driven by the solid performance of the Group's flagship brands, particularly Jimmy Choo fragrances. Considering the weak dollar, sales at current exchange rates fell by 1.6% over the period to €253.5m.
During the first nine months of 2025, sales therefore amounted to €710m at constant exchange rates and €700m at current exchange rates, an increase of 4.4% and 3.0% respectively, compared with the first nine months of 2024.
Nine-month activity by brand
| Q3 | Change | 9 months | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2025 | 25/24 | 2024 | 2025 | 25/24 | ||||
| 66.9 | 73.8 | +10% | 167.9 | 178.0 | +6% | ||||
| 53.0 | 52.5 | -1% | 138.9 | 158.8 | +14% | ||||
| 59.6 | 54.8 | -8% | 162.6 | 147.1 | -9% | ||||
| 26.8 | 26.5 | -1% | 63.5 | 78.7 | +24% | ||||
| 13.3 | 10.5 | -21% | 34.3 | 30.1 | -12% | ||||
| 10.3 | 9.5 | -8% | 30.8 | 29.3 | -5% | ||||
| 27.7 | 25.9 | ns | 82.2 | 78.4 | ns | ||||
| 257.6 | 253.5 | -1.6% | 680.2 | 700.4 | +3% | ||||
| 202466.953.059.626.813.310.327.7 | 2024 202566.9 73.853.0 52.559.6 54.826.8 26.513.3 10.510.3 9.527.7 25.9 | 2024 2025 25/24 66.9 73.8 +10% 53.0 52.5 -1% 59.6 54.8 -8% 26.8 26.5 -1% 13.3 10.5 -21% 10.3 9.5 -8% 27.7 25.9 ns | 2024 2025 25/24 2024 66.9 73.8 +10% 167.9 53.0 52.5 -1% 138.9 59.6 54.8 -8% 162.6 26.8 26.5 -1% 63.5 13.3 10.5 -21% 34.3 10.3 9.5 -8% 30.8 27.7 25.9 ns 82.2 | 2024 2025 25/24 2024 2025 66.9 73.8 +10% 167.9 178.0 53.0 52.5 -1% 138.9 158.8 59.6 54.8 -8% 162.6 147.1 26.8 26.5 -1% 63.5 78.7 13.3 10.5 -21% 34.3 30.1 10.3 9.5 -8% 30.8 29.3 27.7 25.9 ns 82.2 78.4 |
ns: not significant
- The outstanding success of the I Want Choo women's franchise, which has continued from quarter to quarter since its launch in 2021, combined with the solid performance of the Jimmy Choo Man men's franchise, kept Jimmy Choo fragrances on a strong trajectory with more than 6% growth since the beginning of the year;
- Sales of Coach fragrances, which increased by 14%, continued to grow thanks to the strength of virtually all the Coach women's and men's historical lines, boosted by two new launches in the first half of 2025;
- Declining sales on both Montblanc Legend Red and Montblanc Legend Blue lines, released in 2022 and 2024, negatively impacted Montblanc fragrances, which fell by 9.5% despite the recent launch of the new Montblanc Explorer Extreme line;
- In their second year of operation, Lacoste fragrances confirmed the positive trend begun last year, with ninemonth sales up 24% to nearly €79m. This performance is fully in line with the brand's redeployment plan and the annual target of €100m for 2025 as a whole;
- Although the Eclat d'Arpège line continued to perform well, Lanvin fragrances were down due to the lack of a launch this year. The launch of a major new initiative is expected in late 2026 or early 2027;
■ Sales of Rochas fragrances remained robust, driven by the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines.
Nine-month activity by region
| €m | q | Q3 | 9 months | Change | ||
|---|---|---|---|---|---|---|
| 2024 | 2025 | 25/24 | 2024 | 2025 | 25/24 | |
| Africa | 1.7 | 1.7 | - | 4.6 | 4.9 | +6% |
| Asia | 29.9 | 26.8 | -10% | 99.9 | 89.4 | -10% |
| Eastern Europe | 23.9 | 21.7 | -9% | 54.6 | 57.0 | +4% |
| France | 12.5 | 15.3 | +23% | 41.0 | 42.6 | +4% |
| Middle East | 15.4 | 12.9 | -17% | 44.0 | 37.8 | -14% |
| North America | 105.2 | 107.2 | +2% | 247.8 | 271.1 | +9% |
| South America | 18.1 | 21.3 | +18% | 60.7 | 66.4 | +9% |
| Western Europe | 50.9 | 46.5 | -9% | 127.6 | 131.2 | +3% |
| Sales | 257.6 | 253.5 | -1.6% | 680.2 | 700.4 | +3% |
- With sales up more than 16% at constant exchange rates (and 9% at current exchange rates), the North America region had the most robust nine-month growth, buoyed by a still dynamic US market where Interparfums is gaining market share. Thanks to Coach fragrances (+18%) and especially Jimmy Choo fragrances (+20%), sales growth in the United States was 14% at constant exchange rates;
- South America recorded a strong third quarter that confirmed past trends, with growth of 18% fueled by the resumption of the distribution of Lacoste fragrances and the rise in Coach fragrance sales. Ninemonth growth was 9%;
- While some markets remained dynamic, including China, up by a hefty 49% and Japan (+18%), distribution disruptions in two major markets Korea and India had sporadic impacts on Asia, where sales dipped 10%;
- Although some markets still have momentum, the geopolitical situation continues to limit activity in Eastern Europe, which nevertheless posted nine-month growth of 4%;
- After the sharp uptick in sales (+22%) during the first nine months of 2024, Western Europe remained on a positive track (+3%), particularly in the United Kingdom, Spain and Germany;
- In France, the excellent performance in stores since the beginning of the year resulted in high restocking levels in the third quarter (+23%), which contributed to the turnaround in growth in the first nine months of the year. Sales of Lacoste fragrances increased by more than 20% during this period;
- As to be expected, the Middle East continued to suffer from the effects of the conflicts in the region and a reduction in the number of doors in many markets.
Paris, October 21, 2025
Upcoming event
Publication of 2026 outlook November 19, 2025 (before the opening of the Paris stock market)
Investor Relations and Analysts Contacts
Philippe Santi Executive Vice President [email protected]
Nicolas Picaud Investor Relations Director [email protected]
Press contact
Cyril Levy-Pey Communication Director [email protected]
Philippe Benacin, Chairman and Chief Executive Officer, said: "In the current geopolitical and economic climate, we had a good quarter, which was partly masked by the unfavorable euro/dollar exchange rate but reaffirms our excellent start to the year. It enables us to maintain our sales target of around $\leq 900$ m for 2025 as a whole".