Report
Christophe-Raphaël Ganet

Interparfums : H1 2024 results: not better than the consensus – no detailed EBIT guidance - no momentum

>H1 EBIT margin: 21.9% (Consensus: 21.5%/€ 91m) - ITP reported H1 EBIT of € 92.7m (-9%), 21.9% of revenues and net income of € 69.6m vs € 77.6m est. (-10%).The balance sheet shows net debt of close to € 46m (stable). Management still sees revenues of between € 880m and € 900m est. but is still fairly vague on its EBIT target for 2024, with the operating margin expected to remain at a high level.Advertising spending more evenly spread between H1 ...
Underlying
Interparfums

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe-Raphaël Ganet

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