on INTER PARFUMS (EPA:ITP)
Inter Parfums Reports 20% Sales Increase in Q3 2024
Inter Parfums announced a 20% increase in sales for Q3 2024, reaching €257.6 million. This growth reflects strong performance from key brands like Jimmy Choo, Montblanc, and Lacoste. The global perfume market remained favorable, aiding the positive results.
Sales for the first nine months of 2024 hit €680.2 million, an 11.4% rise compared to the same period in the previous year. Notable regional growth included a 42% increase in Western Europe and a 47% rise in the Middle East.
Lacoste fragrances, recently launched with Pierre Niney as ambassador, significantly contributed with nearly €27 million in Q3 sales. The outlook for Q4 2024 aims for additional sales of €200-210 million to meet annual targets.
R. H.
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