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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.
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Q3 2025 TU earnings summary21 Oct, 2025

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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Frequently asked questions

Interparfums SA develops, manufactures, and distributes perfumes and cosmetics under license for luxury and fashion brands. The company operates globally through prestige fragrance lines sold in department stores, boutiques, and travel retail. The company is headquartered in Paris, France, and its shares are listed on Euronext Paris.

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