Interparfums: decline in operating margin in 2014

Interparfums saw its operating margin decline in 2014 due to increased investment in marketing and said that it expects an increase in profitability in 2015.

The perfume designer, which holds licenses for Montblanc brands (Richemont), Jimmy Choo and Lanvin, and which is marking its first full fiscal year following the loss of its license for Burberry, generated an operating profit of 31.5 million euros and a 10.6% sales margin as compared with 14.9% one year earlier. 

The company already reported solid organic growth in sales in 2014 (+19% to 297 million euros) and had revised its forecast for 2015 upwards thanks to the decline of the euro against the dollar. 

"The business recorded over the first two months of our 2015 financial year and the current level of backlog of orders confirm our optimism for this year," said CEO Philippe Benacin in a statement.

€1 = $1.06/£0.70