Interparfums (ITP) Trading Update summary

H1 2025 financial performance

• Sales reached €447m, up 5.8% at current exchange rates and 6.1% at constant rates, in line with projections despite regional variances.

• Q2 2025 sales were €211m, up 0.7% at current rates and 3.3% at constant rates versus Q2 2024.

• Double-digit growth in North America, Western and Eastern Europe; declines in Asia and the Middle East.

• Coach, Jimmy Choo, and Montblanc accounted for 24%, 23%, and 21% of sales, respectively.

• Net sales growth was supported by strong launches and brand extensions.

Brand and product highlights

• Coach sales rose 24% to over €100m, driven by new launches and a license extension through 2031.

• Jimmy Choo sales increased 3% to €104.2m, with robust US retail performance and new product launches.

• Montblanc sales fell 10% to €92.3m due to a high comparison base and declining older lines.

• Lacoste sales surged 42% to €52.2m, supported by new product initiatives and redeployment.

• Karl Lagerfeld grew over 20%, while Van Cleef & Arpels, Kate Spade, Boucheron, Rochas, Lanvin, and Moncler saw declines.

Regional performance

• North America sales grew 15% to €164m, with market share gains and strong Jimmy Choo performance; US market particularly strong.

• Western Europe rose 11% to €84.7m, led by Lacoste and Montblanc launches.

• Eastern Europe up 15% to €35.3m, driven by Lacoste relaunch and strong Lanvin and Karl Lagerfeld.

• Asia declined 11% to €62.6m due to retail consolidation and distribution reduction, despite growth in China and Japan.

• Middle East sales dropped 13% to €24.9m, impacted by regional conflicts and reduced distribution.