Interparfums reported a 1% drop in first-quarter sales on Thursday, while confirming its full-year target for 2024.

Over the January-March period, revenues came to 212.7 million euros, compared with 214.6 million euros a year earlier.

"While the large number of launches concentrated in 2023 in the 1st quarter makes for an unfavorable comparison with the 1st quarter of 2024, business has nonetheless been solid since the start of the year, slightly ahead of our expectations, in a fragrance market that remains relatively buoyant," announced Philippe Benacin, the group's CEO, in a statement.

Interparfums confirmed its sales target of between €880 million and €900 million for the full 2024 financial year.

(Written by Dimitri Rhodes, edited by Blandine Hénault)