PARIS – Interparfums SA stock deeply declined Wednesday morning after the publication of its new outlook for 2025.
“Despite the slowdown in global consumption during the year, the fragrance market has seen modest growth in 2025,” the company said in a statement.
In this context, the group expects to generate approximately 890 million euros in sales at current exchange rates and 900 million euros at constant exchange rates.
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At 10:15 a.m. CET, Interparfums SA stock was trading down 9.4 percent at 24.14 euros.
In July, Interparfums had adjusted downward its full-year sales estimate due to the euro’s appreciation against the U.S. dollar since spring. It said at the time the sales target had returned to the lower end of its initial estimate, at around 910 million euros.
The group said sales next year are also likely to be impacted by a probable adverse economic and geopolitical environment, a negative euro-dollar exchange rate of around 20 million euros and an unfavorable basis of comparison due to the end of the Boucheron license agreement on Dec. 1.
Focuses in 2026 will be on launching new line extensions, preparing for the debut launches for Off-White and Longchamp that are planned for 2027, and a new chapter for the Annick Goutal brand. There will be the extended international distribution of Solférino Paris, which will enter new doors in the first half of next year, as well.
Interparfums SA is the subsidiary of Interparfums Inc. It is 72 percent owned by that New York-based company.
