Interparfums: Letter to shareholders 2021
Message to shareholders
After 2020, so heavily impacted by the health crisis, we were already anticipating a strong rebound and a rather buoyant market in 2021.
However, we clearly did not expect to see such momentum in the various global markets in 2021 over the full year.
And if sales were generally strong in all markets, the United States achieved an unprecedented performance with growth of nearly 40%. This strong recovery clearly contributed to the record sales now expected in 2021 of between 520 and 530 M €.
The strength of the different markets is naturally a source of satisfaction. However, this is not the only reason for the excellent results of our brands. This is particularly the case with the best sellers in our portfolio, Montblanc, Jimmy Choo and Coach in particular, whose exceptional performance has enabled us to gain market share and consolidate our positions. This achievement is all the more striking in the context of supply chain and procurement difficulties which have impacted several business sectors. However, while complicating our task a bit, our teams have remained fully focused on these challenges.
Despite these trends, the year–end was marked by the promising pre–launch of the Moncler duo, paving the way for solid growth prospects in 2022 with an annual turnover target of € 560 to € 570 million. For these reasons, we are more confident than ever in the outlook for the years to come.
Best regards to all,
Executive Vice President and Chief Financial Officer
Letter to shareholders 2021 Interparfums •
Coach fragrances, with sales of nearly € 95 million, recorded record gains of 47% over 9 months, benefiting not only from the strength of the first Coach line but also from the launch, in 2020 and 2021, of several flankers developed around the second. Coach dreams line;
Sunset Dream Coach stay true to values
of the American luxury house. Taking us on a new road trip with friends, it is based on oriental and floral notes where dreams have no limits.
After gaining 14% over the first nine months, Rochas perfumes are back on track with nearly € 26 million in sales, driven by the deployment in certain countries of their eco–friendly fragrance line, Rochas girl.
A time girl! Since there is no “planet B” and it’s time to shake things up, Rochas is raising the bar when it comes to eco–responsible fragrance with its new version. More than an ode to women, Girl conveys a promise to life and the planet in her pretty almond–green box.
With sales of nearly € 114 million, Montblanc perfumes closed the first nine months with slightly higher sales than the same period in 2019, the year in which the Montblanc Explorer was launched, reinforced by the deployment of the Montblanc Explorer Ultra Blue online in April 2021;
Montblanc Explorer Ultra Blue is an invitation
travel through the endless wonders of this wonderful and beautiful world. But if ambition is one of Montblanc’s most emblematic values, so is respect.
With the established lines of the brand now back
to more normal levels and the successful launch of the I want Choo at the start of the year, Jimmy Choo fragrances were up more than 30% compared to the first quarter of 2019 with sales of over € 104 million.
Joy meets good humor in the new Jimmy Choo fragrance; a few drops are enough to become totally addicted. Oh Jimmy, I want Choo!
With sales of over € 42 million, Lanvin fragrances returned to growth over the first nine months, driven by a strong rebound in Asia and Eastern Europe.
Natural floral bouquets, modern creations building on tradition by offering a poetic rendering of the present: Lanvin Flowers.
Van Cleef & Arpels
Extraordinary Collection Orchid Leather Named in honor of the precious orchid that produces the vanilla bean, Orchid leather takes us on an imaginary journey.
Letter to shareholders 2021 Interparfums •
Inter Parfums SA published this content on 06 December 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 07 December 2021 11:51:06 AM UTC.
Public now 2021
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