Interparfums: towards an 'exceptional' 2021
(CercleFinance.com) - Interparfums said on Tuesday that it is heading for an "exceptional" year in 2021, anticipating performance that is well above its initial forecasts, notably thanks to market share gains in the United States.
After a "record" third quarter, the group said that it is targeting annual sales of between 520 and 530 million euros, up 40% y-o-y.
The group was previously looking for annual sales of around 520 million euros.
Relative to pre-crisis 2019, this new target reflects sales growth of 8%.
However, Interparfurms warns that its growth could slow down in 2022 in certain markets after this particularly dynamic vintage year of 2021.
These forecasts led to some profit taking on the share on Tuesday morning, with a fall of around 2% in early trading. However, note that the share is still up nearly 83% YTD.
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