Added to YB: 2026-09-16
Pitch date: 2026-09-10
ITP.PA [neutral]
Interparfums SA
+3.75%
current return
Author Info
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Company Info
Interparfums SA manufactures and sells perfumes and cosmetics in France, Western Europe, Eastern Europe, North America, South America, Asia, the Middle East, and Africa.
Market Cap
EUR 2.5B
Pitch Price
EUR 27.72
Price Target
N/A
Dividend
3.54%
EV/EBITDA
14.86
P/E
20.01
EV/Sales
2.88
Sector
Personal Care Products
Category
growth
Interparfums (ITP France): Margin resilience and stronger launch calendar
ITP.PA (earnings): Interparfums enters 2027 with a stronger operating backdrop than recent revenue trends suggest: H1 sales fell to €414m, but gross-margin gains and cost control kept operating margin at 21.1%, above management’s 19-20% indication, despite higher marketing. Management still expects 2026 revenue of €850-870m and an ~18% operating margin, while a fuller 2027-28 launch calendar offers growth potential; November’s Capital Markets Day should provide more detail on launch sequencing and investment requirements.
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