InterParfums Reports Consolidated Sales Results for the Second Quarter and Six Months of 2015; Provides Financial Guidance for 2015
For the six months, the company reported total sales of 147.1 million against 143.9 million a year ago. The upward trend reflects mainly the unfavorable base effect
from last year's launch of the Karl Lagerfeld lines, offset by a positive currency effect from the US dollar's significant rise in the period.
For the second half, the outlook is more promising in light of steady sales from the top-selling lines and the launch of the Jimmy Choo Illicit line. On that basis, the company renew its guidance for annual sales of 310-320 million for the 2015 full year. Sales growth should pick up in 2016 and 2017 with the integration of Rochas fragrances on a full-year basis. As in the past, the company expects results of the first part of the year to be high with a current operating margin (excluding the accounting treatment of the Rochas brand acquisition) to exceed 14% for the 2015 first half. In light of the policy of maintaining marketing and advertising efforts in the second half, the company also confirm its target for a current operating margin of 11% -12% for the 2015 full-year.