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Interparfums (ITP) investor relations material
Interparfums Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
- Q3 2025 sales reached €262m at constant exchange rates (+1.6%) and €254m at current rates (-1.6%), with a high comparison base due to prior launches and the first year of Lacoste activity. 
- Nine-month 2025 sales reached €710m at constant exchange rates, up 4.4% year-over-year, despite a high comparison base from record 2024 activity. 
- The fragrance market slowed globally since late 2024, but US growth continued during summer 2025. 
- Notable events included a new fragrance license with Maison Longchamp, improved ESG ratings, and the opening of a South Korea subsidiary. 
- Flagship brands, especially Jimmy Choo, drove growth, while some brands and regions faced headwinds. 
Financial highlights
- Nine-month 2025 sales totaled €710m at constant rates (+4.4%) and €700m at current rates (+3.0%). 
- Q3 2025 sales: €261.7m at constant rates (+1.6%), €253.5m at current rates (-1.6%) vs. Q3 2024. 
- Jimmy Choo (+6%), Coach (+14%), and Lacoste (+24%) drove growth, while Montblanc (-9%), Lanvin (-12%), and Rochas (-5%) declined. 
- North America led regional growth with +16% at constant rates, driven by strong US market performance. 
- Asia declined (-10%) due to distribution disruptions, despite strong growth in China (+49%) and Japan (+18%). 
Outlook and guidance
- Projected full-year 2025 sales are around €900m, reaffirmed despite currency headwinds and geopolitical challenges. 
- The outlook is clouded by international instability, cautious distributor/retailer behavior, and unfavorable euro/dollar rates. 
- Major launches planned for 2026 and 2027, with new brands Annick Goutal, Off-White, and Longchamp joining the portfolio. 
- 2026 outlook to be published November 19, 2025. 
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