Interparfums : Very robust Q3 2021 sales – Guidance revised up – Outperform maintained – Forecasts raised and target price lifted to € 67.5 (vs € 63)
>Q3: +58% and well above expectations - Interparfums reported growth of 58%, i.e. € 174.8m, for Q3 2021.This level of growth is notably driven by the Jimmy Choo I Want Choo and Montblanc Explorer Ultra Blue lines. 9M 2021 sales totalled € 441m, up 76%.On this basis, management has raised its guidance and now anticipates sales of € 520m for full-year 2021, for an operating margin of between 15% and 16%.Estimates (again) revised up: 2021e sales: +...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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