Robust Results for INTER PARFUMS in H1 2024

INTER PARFUMS announced strong financial results for the first half of 2024. The company reported an operating margin of 21.9% and a net margin of 16.5%.

Sales grew by 7% to €422.6 million, while the gross margin increased by 8% to €274.4 million, representing 64.9% of sales. Marketing and advertising expenses rose by 32%, resulting in a marketing expenditure of €79.1 million.

The net income for H1 2024 stood at €69.6 million, down by 10% compared to the previous year, achieving a net margin of 16.5%. Despite this decline, the company's financial position remained robust with shareholders' equity at €634 million.

Executive Vice President Philippe Santi noted positive trends in operating margins and expressed confidence in maintaining a strong performance for the rest of the year.