2024 second-quarter sales: €210m (+16%)

2024 second-quarter sales: €210m (+16%)

Bolstered by strong momentum, in line with the trend of  Rochas fragrances continued to grow on the strength of the previous periods, Interparfums’ sales in Q2 2024 were up by iconic Eau de Rochas line, the two new flankers, Citron Soleil and nearly 16%. In a worldwide fragrance market that remains Orange Horizon, and the launch of the Mademoiselle Rochas in buoyant, this performance reflects the solidity of the Montblanc Paris line. and Coach fragrances, the continuing growth of Jimmy Choo H1 2024 sales by region fragrances and the successful relaunch of Lacoste fragrances.

As a result, H1 2024 consolidated sales reached €422.6m, up (€m) Q2 H1 Change nearly 7% at current and constant exchange rates. 2024 2023 2024 24/23

H1 2024 sales by brand                                                                 Africa                                                   1.6          3.3         2.9          -13%

                                                                                                            Asia                                      31.7       33.1         64.6       70.0           +9%

(€m)                                           Q2                      H1           Change     Eastern Europe                        15.4       17.1         33.4       30.7            -8%

2023         2024         2023         2024         24/23        France        10.4          15.0          21.2          28.6          +35% Montblanc           50.4          49.2          107.4                103.0         -4%           Middle Eat   14.2          14.0          29.4          28.6          -3%

Jimmy Choo                            42.2       56.3       101.0      101.0        stable     North America                        63.1       75.6       140.0     142.6           +2%

Coach                                    41.6       40.1         86.0       85.9        stable     South America                         15.0       16.2         35.6       42.5         +20%

Lacoste                                              18.1                     36.8            na     Western Europe                                                 68.6       76.7         +12%

Lanvin                                    12.3       10.9         27.2       20.9         -23%    Total sales                                                     396.1     422.6         +6,7%

Rochas                                   10.1       11.4         19.7       20.5          +5%

Autres 54.8 54.5 ns In North America, following the very strong acceleration in sales in H1 2023 (+27%) driven in particular by several major

Total sales 396.1 422.6 +6.7% launches, momentum remained positive in H1 2024, in line ns: not significant; na: not applicable with budget in a perfume market that remains dynamic;

 After gaining nearly 24% in H1 2023, Montblanc fragrances’  South America remained on track in relation to 2023, with growth trajectory remained on track in H1 2024 based on the 20% growth reflecting largely the contribution of sales after strength of the Montblanc Explorer line and the launch of the taking over the distribution of Lacoste fragrances;

Montblanc Legend Blue line.                                                                                   While certain markets in Asia are now in a period of

 The launch of several new lines in late 2022 and early 2023, consolidation after 3 years of very strong growth (Australia), combined with the international success of the I Want Choo or appear to be less dynamic (South Korea), the overall trend line launched in 2021, generated remarkable growth (+44%) remains positive, particularly in South Asia;

for Jimmy Choo fragrances in H1 2023 resulting in a high  In Eastern Europe, the performance in the first half includes comparison base for this year. The brand’s positive momentum the combined effects of the very strong recovery in H1 2023 and potential have been highlighted by the initial results of the sales (+72%) and the voluntary limitation of shipments to I Want Choo Le Parfum line launch which is already off to a Russia, resulting in a €7m-€8m reduction compared with the

particularly good start;                                                                          initial budget;

 Sustained demand for virtually all Coach’s established  In Western Europe, business remained buoyant as women’s and men’s lines continued to drive the success contributions from Lacoste fragrance distribution more than of its fragrances, which have remained stable in relation to offset the unfavorable comparison base effect from H1 2023

H1 2023, following a 27% increase on H1 2022. Two major launches; new fragrance releases are scheduled for 2025;

 Sales in France exceeded expectations based on excellent

 Since taking over operations on January 1, Lacoste fragrances performances by Jimmy Choo, Montblanc and Rochas have already exceeded forecasts with nearly €37m in sales. fragrances and the very positive contribution from the The current launch of the Lacoste Original men’s line, embodied takeover of Lacoste fragrances distribution; by Pierre Niney as the new brand ambassador, is expected to

inaugurate an important step in the brand’s redeployment in  Finally, the Middle East is continuing to be adversely impacted France and worldwide; by a reduction in the number of points of sale in many of the

region’s markets.  Lanvin fragrances were adversely impacted by the voluntary limitation of shipments to certain Eastern European countries and the absence of any major launches during the period;

Van Cleef & Arpels

In 2006, Van Cleef & Arpels and Interparfums^SA signed a 12-year worldwide license agreement to manufacture and distribute perfumes and related products under the Van Cleef & Arpels brand name, which was subsequently extended for a further 6 years until December 31, 2024.

Discussions underway since 2023 with a view to renewing the license agreement made it possible to define a new framework, in particular based on strengthening the selective distribution of Van Cleef & Arpels fragrances worldwide. New essences in the Collection Extraordinaire and a new «collection» are in the pipeline, with launches scheduled for 2025. On that basis, the license is to be renewed for an additional 9-year term as from January 1, 2025.

Philippe Benacin, Chairman and CEO commented: “We are largely on track to meeting our full-year targets after a good performance in the first half despite a complicated situation in the beauty market in selected countries. The takeover of Lacoste fragrance distribution exceeds our expectations and the initial responses to the launch of the Lacoste Original line are extremely positive.”

Philippe Santi Executive Vice President and CFO, added: “Sales volumes in the first half of 2024 were not adversely affected by the moderate increases in sales prices applied in early 2022 and 2023 respectively. In contrast and above all they made it possible to maintain gross margins at a high level. Reflecting continuing efforts to contain fixed costs and achieve a more balanced distribution of marketing and advertising expenditures between the first and second half, operating income for H1 2024 is expected to experience only a limited decline compared with the exceptionally high level of H1 2023, in line with the budget.”

Paris, July 23, 2024

Certidox

Upcoming events

H1 2024 results

September 10, 2024 

(before the opening of stock market)

Q3 2024 sales

October 22, 2024

(before the opening of stock market)

Investor Relations and Analysts Contact

Philippe Santi Executive Vice President psanti@interparfums.fr Press contact

Cyril Levy-Pey Communication Director clevypey@interparfums.fr

ISIN : FR0004024222-ITP

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Bloomberg : ITP

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This press release is available in French ans English on the company’s website interparfums-finance.fr

Interparfums

10 rue de Solférino 

75007 Paris

Tel. +33 (0)1 53 77 00 00