Interparfums : Guidance upgrade – target price raised to € 41.5 (vs € 36) – Buy vs Neutral
>Upgraded guidance for sales and underlying operating profit - We mentioned yesterday in our Forum feedback that Interparfums looked to have a good level of confidence on its projections. The company has this morning announced an upgrade to its guidance:2018 sales target raised from € 430m to € 450m (i.e. +4.7%),Operating profit target upgraded from 13.5% to between 13.5% and 14%,2019 sales target raised from € 460-470m to € 470m (+1% in the middle of t...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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