Analyst Research

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Provider: Reuters Investment Profile
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Provider: Sadif Analytics Prime
$25.00
Provider: Sadif Analytics Prime
$25.00

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Interparfums SA Raise FY 2013 Revenue and Operating Margin Guidance-Reuters


Tuesday, 23 Jul 2013 08:00pm EDT 

Reuters reported that Interparfums SA raised its revenue and operating margin guidance for fiscal year 2013. The Company now expects to report fiscal year 2013 revenue of EUR 320 million and an operating margin of 12%. In March 2013 the Company's fiscal year 2013 guidance was EUR 300 million in revenue together with an operating margin of 11%. The Company attributed this increase to the launch of Jimmy Choo Flash, the increase in sales of Montblanc Legend and the positive reception given to its Me de Lanvin and Reve de Van Cleef & Arpels lines. In addition, revenue from its Burberry contract, which has now ended, was higher than expected. According to I/B/E/S Estimates, analysts on average had been expecting the Company to report fiscal year 2013 revenue of EUR 310.43 million.