INTERPARFUMS : Oddo BHF confirms its recommendation on the stock
June 12, 2024 at 08:04 pm IST
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Oddo BHF maintains its 'neutral' rating on Interparfums shares, with an unchanged target price of 54 euros.
The broker points out that the Board of Directors of Interparfums has decided to allocate free shares on the basis of one new share for every ten held.
The detachment of the allotment right is scheduled for the opening of trading on June 26, and will be followed by a corresponding adjustment in the share price. Oddo BHF points out that these allotment operations are an annual milestone in Interparfums' financial calendar, confirming the company's status as a market-friendly stock.
We will adjust our figures (theoretical impact of 10%) accordingly, with effect from June 28. As a result of this transaction, our EPS estimates would mechanically decline, to E1.65 for fiscal 2024/25 (vs. E1.82 previously) and E1.84 for 2025/26 (vs. E2.03 previously)', concludes the broker.
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Interparfums specializes in the design, manufacturing and marketing of luxury fragrances. The group's activity is organized primarily around 2 product families:
- fragrance: Montblanc, Jimmy Choo, Coach, Lanvin, Rochas, Boucheron, Karl Lagerfeld, Van Cleef & Arpels, Paul Smith, Kate Spade, Moncler, Repetto and S.T. Dupont brands;
- women's and men's fashion items: Rochas brand.
Products were being marketed through perfume shops, franchise chains and department stores in France, and through import companies, airports, and airlines abroad.
Net sales are distributed geographically as follows: France (5.4%), Europe (24.5%), North America (40.4%), Asia (14.5%), South America (8.3%), Middle East (6.3%) and Africa (0.6%).
INTERPARFUMS 
