Interparfums : H1 2020 underlying operating profit: down but impact of COVID crisis offset – the guidance points to H2 sales down by close to -25%e
>H1 2020 underlying operating profit better than expected thanks to flexible costs - H1 2020 underlying operating profit came to € 10.4m or 7.5% of sales, above the guidance given at the Q2 sales release (“around 5%†/ see our Flashes of 23 and 24 July). The good management of currency transactions and a lower tax rate helped support the net margin, which came to 6.4%. As in prior years, the company will allocate one new share for every 10 shares owned, in October 202...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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