Interparfums reports ‘record’ sales as perfume market soars

As beauty businesses face unfavourable economic environments, perfume sales have been anchoring their success - just look to Coty’s results for proof. Interparfums has further supported this, with 'record' sales for the fourth quarter and full year.

In the year ending 31 December 2024, Interparums – which holds the perfume license for brands including Abercrombie & Fitch, Anna Sui and Roberto Cavalli, to name a few – reported Q4 net sales rose by 10% to £291 million ($362 million) and annual net sales rose 10% to £1.17 billion ($1.45 billion).

Jean Madar, Chairman and Chief Executive Officer of Interparfums, said the company’s growth was broad-based across its portfolio.

European sales rose by 10% for the full year 2024, driven by its largest brand Jimmy Choo, which reported a sales rise of 11% for FY24. Montblanc and Coach were broadly flat against a very high base period in 2023 where sales grew by 15% and 25%, respectively. Overall, Interparfum’s current top six brands, represent approximately 70% of our net sales.

Madar said: "While potential geopolitical and economic concerns continue to limit our 2025 visibility, thanks to the increasing demand for premium products, expanding e-commerce channels, and strong pipeline of new launches across our prestige portfolio, we are poised for 2025 to be another record-setting year."

Looking ahead, the company said that achieving its sales goal positions it to meet its full-year 2024 earnings per diluted share target of £4.14 ($5.15). Interparfums has not yet addressed its full-year 2025 guidance.

Yesterday, Coty also published its results for the first half of fiscal 2025, ending 31 December 2024. The company saw revenues decrease by 1% year-on-year. Like-for-like net revenue grew 2%, compared to 14% growth the year prior. However, Coty's finances benefitted from prestige and mass fragrance growth, which accounted for 60% of its revenues.