Interparfums: FY 2021 sales up 53%
(CercleFinance.com) - Interparfums has posted FY 2021 sales of 560.
8 million euros, up 52.7% year-on-year and up 15.8% relative to 2019, despite supply chain tensions in the second half of the year.
This excellent performance reflects robust demand - both for the major lines in the portfolio and for new products, particularly the Jimmy Choo, I Want Choo, Montblanc Explorer Ultra Blue and Coach Dreams Sunset lines, the company explained.
Based on this strong business, Interparfums estimates that its operating margin should approach 17% for FY 2021 and, faced with a continued lack of visibility, maintains its target of a 15% margin for 2022.
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