Interparfums (ITP) Guidance summary

Opening remarks and agenda

• Agenda covered 2024 highlights, 2025 context, brand and regional updates, and Q&A.

• 2024 focused on Lacoste relaunch and distribution takeover.

• 2025 positioned as the year of Solférino, marking a strategic shift with the launch of a proprietary brand.

Guidance on key objectives

• 2024 sales targeted at €880–890m with over 10% growth and operating margin above 19%.

• 2025 sales projected at €910–930m, maintaining operating margin above 19%.

• Continued focus on recurring sales for main franchises and successful relaunch of Lacoste fragrances.

Market trends and strategic opportunities

• High-end and creators' fragrances gaining traction, especially in the Middle East and China.

• Fragrance market remains large and positive, with increasing segmentation and stricter regulations.

• China’s fragrance market is growing, with sales expected to rise from €22m in 2023 to €32m in 2025.

• Expansion of Lacoste and Jimmy Choo fragrance lines, with new flankers supporting growth.