BUZZ-Interparfums falls on slight FY profit miss as US tariffs and weak dollar weigh

Reuters02-25
BUZZ-Interparfums falls on slight FY profit miss as US tariffs and weak dollar weigh

** Shares in Interparfums IPAR.PA fall 2.2% after the French fragrance maker reported a slight full year operating profit miss, citing a difficult macroeconomic backdrop, while U.S. tariffs, weakening dollar pressure margins

** Operating profit for the year came in 1.5% below company-compiled consensus at 175.2 million euros ($206.58 million)

** "2026 is a transitional year, marked by a heavy cost structure and a less buoyant market," TP ICAP Midcap says

** The year will also be marked by an unfavourable currency effect of around 20 million euros, a gross U.S. tariff impact of 16 million euros, and an exceptionally high comparison base from a strong first quarter of 2025, the broker adds

** The euro's rise against the dollar will weigh on revenue, with more than half of sales denominated in dollars, while the pipeline of new product launches is thinner than in late 2024 and early 2025, it notes

** Shares are on track for their worst day in five weeks

($1 = 0.8481 euros)

(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))

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