Interparfums : 2023 results: a shade above forecasts...encouraging
>2023 underlying operating profit: 20.1% of sales (consensus: 19.3-19.5%) - ITP published its FY results: underlying operating profit up 16% to € 160.4m (consensus: € 155m). Net profit stood at € 118.7m (+19% / consensus: € 115.5m), due to the expected rise in the corporation tax rate.The balance sheet shows a net cash position of € 55m at the end of 2023 (compared with € 33.5m at the end of June), including the second downpayment of € 40m on the Lacoste licence....Interparfums SA. Interparfums SA, also known as Interparfums, is a French-based company engaged in the design, manufacturing and marketing of fragrances. The Company designs, produces and distributes perfumes and cosmetics under such brands as Burberry, Boucheron, Burberry Beauty, Jimmy Choo, Lanvin, Montblanc, Nickel, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels, Karl Lagerfeld, among others. The Company is present in Switzerland, Germany, Spain, Italy, the United Kingdom, Singapore, the United States, among others. The Company operates through the subsidiaries, including Interparfums Suisse Sarl, Interparfums Deutschland GmbH, Interparfums Srl, Interparfums Ltd, Interparfums Luxury Brands and Interparfums Singapore. As of December 31, 2013 the Company's shareholder was InterParfums Holding with 73,1% stake in the Company.
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