Interparfums : Good set of 2019 results – Warning for 2020?: coronavirus impact in Q1 and guidance on hold – estimates and target price lowered
>Decent 2019 results, but the short-term outlook is not positive - 2019 underlying operating profit came in at € 73.1m, i.e. 15.1% of sales. Net profit came to € 50.3m (+7%).Net cash topped € 195m vs € 182m at end-2018.For the start of the year, Interparfums sees a decline in sales of 10% due to the coronavirus epidemic (the duration and extent of which are limiting visibility).A coronavirus impact … - Pending the presentation of the figure...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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