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Interparfums FY 2022: record earnings as operating profit soars 33 percent

THE WHAT? Interparfums has reported its results for the 2022 fiscal year. The fragrance giant recorded record earnings for the full year with net income up 40 percent on 2021’s figures and sales rising 26 percent to €706.6 million. THE DETAILS The company noted that it had extended its partnership with Montblanc until December 31, 2030 and, subject to the General Meeting’s ratification, hit its goal of achieving gender parity on its board. THE WHY? Philippe Benacin, Chairman and CEO, commented, “Against the backdrop of a turbulent economic and geopolitical environment, our sales and earnings continued to grow in 2022. In 2023, although many uncertainties still exist, this positive momentum should continue with sales expected to reach €750 million, driven by the continuing appeal of our brands for consumers in a global perfume market that remains buoyant.” The post Interparfums FY 2022: record earnings as operating profit soars 33 percen...
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Interparfums records record Q4 sales; announces double digit revenue growth FY 2022

Interparfums records record Q4 sales; announces double digit revenue growth FY 2022

THE WHAT? Inter Parfums has announced that for the three months ended December 31, 2022, net sales rose to a record US$311 million, a 47 percent increase from US$211 million in the fourth quarter of 2021.

THE DETAILS FY22 net sales rose to US$1.087 billion, up 24 percent from US$880 million in 2021, slightly beating Interparfums latest guidance of US$1.08 billion.

European operations sales as a whole grew 12 percent in dollars, with a 58 percent increase in U.S. based sales driven by newer brands Donna Karan and DKNY. 

THE WHY? Jean Madar, Chairman & Chief Executive Officer of Inter Parfums stated, “As we reported earlier this month, the fourth quarter of 2022 was exceptionally strong, ushering in the best year in our history. 

“In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and GUESS? generated sales gains of 50 percent, 78 percent, 82 percent, and 28 percent, respectively, compared to the same period one year earlier. 

“Many of other fragrance brands also achieved stellar comparable quarter growth. For our U.S. based operations, Oscar de la Renta and Abercrombie & Fitch grew sales by 28 percent and 16 percent respectively, while for European operations, Moncler, Kate Spade and Boucheron generated comparable quarter gains of 34 percent, 140 percent, and 25 percent, respectively.”

The post Interparfums records record Q4 sales; announces double digit revenue growth FY 2022 appeared first on Global Cosmetics News.



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