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France’s Interparfums Raises 2020 Revenue Forecast To Over €340 Million

Rochas Mademoiselle in Black fragrance | Source: Interparfums
Rochas Mademoiselle in Black fragrance | Source: Interparfums

French perfume maker Interparfums on Wednesday raised its 2020 sales forecast slightly, helped by a rebound in business following the easing of coronavirus lockdowns.

The company had to postpone some major launches due to the COVID-19 pandemic, which led to store closures and disrupted supply chains, but has seen a gradual improvement since early July as restrictions were lifted.

“Should this trend be confirmed, we are confident that we will be able to return to a robust rate of growth and a double-digit operating margin by 2021,” Executive Vice President Philippe Santi said in a statement.

The company, which develops perfumes for luxury brands, said it plans to launch an eco-friendly initiative by fashion and perfume house Rochas, a collection under Lanvin and a series for Montblanc Explorer in 2021.

Interparfums now predicts full-year revenue of above 340 million euros ($410.45 million), up from around 320 million-330 million euros previously, with an operating margin of around 7% to 8%.

Analysts in a company-provided poll had expected an 8.8% margin and 336.1 million euros of revenue for 2020.

By Sarah Morland and Juliette Portala; editors: Christian Schmollinger and Ramakrishnan M.

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