Interparfums: net income more than doubles in 2021
(CercleFinance.com) - Interparfums has reported a more than net income (group share) that more than doubled in 2021 (+131%) to 71.
1 million euros, with a 4.8-point improvement in its operating margin to 17.6%, on sales that are up nearly 53% to 560.8 million euros.
Thanks to sound control of production costs and the increased contribution from its US subsidiary, its gross margin reached an historic peak in 2021, above 65%, the group says, which also announces strict control of fixed costs.
A dividend of 0.94 euro per share, or 75% of FY net income, will be proposed, as well as a new allocation of free shares next June. Interparfums is cautiously waiting until the end of the first quarter of 2022 to revise its annual sales targets.
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