The fragrance group anticipates softer sales next year amid currency headwinds and a challenging global environment.
Interparfums SA shares fell sharply on Wednesday following the release of its updated 2025 outlook, closing down 8.9 percent at 24.26 euros. The company noted that “despite the slowdown in global consumption during the year, the fragrance market has seen modest growth in 2025,” but its own projections reflect a more cautious stance. Interparfums now expects approximately 890 million euros in sales at current exchange rates and 900 million euros at constant rates. The group also acknowledged that next year’s performance will likely be affected by a difficult economic and geopolitical climate, a negative euro-dollar impact of around 20 million euros, and the end of the Boucheron license agreement on Dec. 1.
This follows a revision earlier in July, when the company lowered its full-year sales expectations due to the euro’s appreciation against the U.S. dollar, bringing estimates back to the lower end of its initial forecast at around 910 million euros. Looking ahead, the company is laying groundwork for future brand activity: 2026 will emphasize new line extensions and preparations for debut launches from Off-White and Longchamp planned for 2027, alongside a refreshed chapter for Annick Goutal. International distribution for Solférino Paris is also set to expand in the first half of next year. Interparfums SA remains a subsidiary of Interparfums Inc., which holds a 72 percent stake.
