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Interparfums — Earnings Release 2026
Apr 22, 2026
1445_ir_2026-04-22_2cc20a2a-986d-4f27-b7a5-88e4c008e9f8.pdf
Earnings Release
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INTERPARFUMS SA
CertiDox
Q1 2026 sales
€229.5m at constant exchange rates - €215.5m at current exchange rates
Since the beginning of 2026, numerous external factors have had a negative impact on the activity, in particular the increased geopolitical disruption in the world, and more recently the outbreak of an armed conflict in the Middle East. Despite this particularly unfavorable context, Interparfums made a satisfactory start to 2026, in line with budget forecasts. Sales at constant exchange rates amounted to €229.5m, down slightly by 2.6% compared with Q1 2025. In view of the negative variation in the euro/dollar exchange rate*, sales at current exchange rates amounted to €215.5m, down by 8.5%.
Q1 2026 activity by brand
| €m | Q1 2025 | Q1 2026 | 26/25 |
|---|---|---|---|
| Coach | 52.7 | 61.5 | +17% |
| Jimmy Choo | 62.6 | 54.0 | -14% |
| Montblanc | 46.2 | 46.9 | +2% |
| Lacoste | 25.0 | 20.0 | -20% |
| Rochas | 10.3 | 8.8 | -14% |
| Lanvin | 11.5 | 7.2 | -37% |
| Other brands | 27.2 | 17.1 | -38% |
| Total sales | 235.5 | 215.5 | -8.5% |
- After a 15% increase in sales in Q1 2025, Coach fragrances achieved further growth of 17% in Q1 2026, driven by the launch of new products in the Coach Women and Coach Men franchises, and demand that remains high for most of the existing lines;
- While the brand continues to grow in the United States (+3%) driven by the continued success of the I Want Choo franchise, the Jimmy Choo fragrances showed a decline at current exchange rates due to a slight fall in certain European and Asian markets, as well as the significant depreciation of the US dollar*;
- After two years without new products in the Montblanc Legend franchise, the launch of the Montblanc Legend Elixir line and the success of the Montblanc Explorer Extreme line released last year enabled Montblanc fragrances to strengthen the existing market positions. The Montblanc Explorer franchise will be complemented by a new extension in the second half of the year;
- Due to a high basis of comparison and sluggish European markets, sales of Lacoste fragrances were down during the period, primarily in Eastern Europe. The major launches planned for 2027 and 2028 will boost sales of the brand significantly;
- The basis of comparison linked to the launch of the new Rochas Audace franchise in Q1 2025 explains the decline in Rochas fragrances in the period;
- Finally, without a major launch for several quarters, the Lanvin fragrances declined at the start of the year, pending a new men's fragrance that should be launched by the end of 2026 followed by a new women's fragrance at the end of 2027.
Q1 2026 activity by geographic zone
| €m | Q1 2025 | Q1 2026 | 26/25 |
|---|---|---|---|
| Africa | 1.6 | 1.9 | +20% |
| Asia | 36.0 | 28.7 | -20% |
| Eastern Europe | 21.4 | 15.6 | -27% |
| France | 13.5 | 14.2 | +5% |
| Middle East | 10.8 | 6.5 | -40% |
| North America | 85.3 | 84.9 | stable |
| South America | 22.0 | 27.0 | +23% |
| Western Europe | 44.9 | 36.6 | -19% |
| Total sales | 235.5 | 215.5 | -8.5% |
More than ever, the trends are particularly mixed by region:
- As a continuation of 2025, the US subsidiary Interparfums Luxury Brands achieved double-digit growth in local sales in the United States, thanks to the launch of several extensions, in particular for Coach, combined with well targeted marketing and advertising investments. However, this performance was greatly weakened by a highly unfavorable euro/dollar exchange rate*;
- South America showed an excellent trend in Q1 2026, achieving growth of 23% due to the success of the women's and men's Coach franchises and the strength of the Montblanc Legend franchise;
- In spite of double-digit growth in China, the wait-and-see attitude from consumers in many markets in the Asia-Pacific region and the change in the distribution structure in South Korea and India affected the activity in the period;
- The company was penalized by operational difficulties encountered in certain countries in Eastern Europe, affecting particularly Lanvin and Lacoste brands, which are historically strong in that zone;
- After achieving growth of 14% in Q1 2025, Western Europe showed a decline in Q1 2026, due to the sluggishness of its main markets;
- The positive trend continued in France, which increased by 5% thanks to demand that remains sustained for Lacoste fragrances, favored by the launch of the Lacoste Original Aqua line in February;
-
The recent intensification of conflicts in the Middle East continued to negatively impact the activity in Q1.
-
1.17 on average in Q1 2026 compared with 1.05 in Q1 2025
Upcoming events
Publication of H1 2026 sales July 23, 2026 (before the opening of the Paris stock market)
Publication of H1 2026 results September 9, 2026 (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]
Paris, April 22, 2026
Interparfums
10 rue de Solférino
75007 Paris
Tel. +33 (0)1 53 77 00 00
This press release is available in French and English on the company's website interparfums-finance.fr
ITP LISTED EURONEXT
ISIN: FR0004024222-ITP
Reuters: IPAR.PA
Bloomberg: ITP
Euronext Compartment A
Eligible for Deferred Settlement Service (SRD)
Eligible for PEA
Index - SBF 120, CAC Mid 60