Interparfums (EU:ITP) posted third-quarter revenue of €254 million, down 1.6% on a reported basis but up 1.6% at constant exchange rates. The fragrance group managed to deliver slight growth despite headwinds from a softer U.S. dollar, newly imposed U.S. tariffs, and a tough comparison base. Following the announcement, shares rose 1.5%.
For the first nine months of 2025, revenue reached €700 million, representing a 3% increase in reported terms and 4.4% at constant exchange rates.
Jimmy Choo continued to lead the portfolio, with sales climbing 10% in the third quarter and approximately 15% at constant exchange rates. Coach, the second-largest brand, saw momentum ease—after 24% growth in the first half, revenue declined 1% in Q3, though it managed a 3% increase at constant exchange rates. Montblanc experienced an 8% decline, while Lacoste was essentially flat after a strong first-half surge of 42%. Sales from Lanvin dropped 21%, as the lack of new launches weighed on performance.
North America remained the company’s key growth engine, with revenue up 2% in reported terms and more than 10% at constant exchange rates in Q3. For the first nine months, the region posted 16% constant-currency growth. To counter tariff effects, the company implemented about 6% price increases in the U.S. since August.
In contrast, Western and Eastern Europe reported a 9% revenue decline for the quarter, while France delivered 23% growth, fueled by Lacoste’s strong performance. Asian revenue fell 10%, despite ongoing progress in China.
Interparfums reaffirmed its full-year 2025 revenue target of approximately €900 million. With €700 million already booked through September, this implies fourth-quarter revenue of around €200 million—roughly flat on a reported basis but slightly higher at constant exchange rates.
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