The Interparfums group, a French company specializing in licensed fragrances, is anticipating a significant surge in growth in the foreseeable future. For the 2023 financial year, the company is projecting sales of approximately 800 million euros, which represents a 12% to 13% increase compared to the previous year. Moreover, Interparfums is aiming to achieve an operating margin between 18% and 19% for the year.

This expansion is primarily driven by the impressive performance in key regions, including Europe, Asia, and North America. The company’s licensed fragrances for Montblanc and Jimmy Choo have both witnessed remarkable sales, generating 210 million euros with a 14% increase and a 16% increase, respectively. Additionally, Coach fragrances have experienced a 17% surge in sales, reaching 180 million euros.

Despite observing some indications of a potential slowdown in certain markets following years of rapid growth, Interparfums remains optimistic about its future prospects. CEO Philippe Benacin predicts a growth rate of 10% to 12% in 2024, largely attributed to the introduction of Lacoste fragrances under the company’s umbrella. Interparfums acquired the global fragrance license for Lacoste in December 2022, replacing Coty. The inaugural year of Lacoste fragrances is forecasted to generate sales ranging from €50 to €60 million, providing a substantial boost to Interparfums’ overall growth.

Factoring in the addition of Lacoste fragrances, Interparfums projects that its sales will reach an estimated range of €880 to €900 million by 2024. Even excluding the contribution from Lacoste, the company’s growth would still be significant, at 3%.

Overall, Interparfums maintains a confident outlook regarding its ability to navigate the global fragrance market. While acknowledging its size and slightly reduced dynamism, the company remains focused on the positive future projections. Interparfums’ dedicated efforts and emphasis on the Lacoste brand, combined with a strong portfolio of other licensed fragrances, position the company for continued success and growth in the forthcoming years.

Useful links:
1. Interparfums Group: [link](https://www.interparfums.fr/)
2. Lacoste Fragrances: [link](https://www.lacoste.com/)