BUZZ-Interparfums tops SBF 120 after FY results, outlook

Reuters

02/26

** Shares in France's Interparfums IPAR.PA rose as much as 6.4% after the fragrances group reported full-year profits ahead of consensus and issued a positive outlook for 2025

** "The profitable growth profile of the group, which is one of the few midcap expressions of luxury, continues to convince us", brokerage Midcap Partners says

** The launch of Lacoste fragrances, in partnership with the French clothing brand, drove 2024 growth, the group's Chief Executive Philippe Benacin said

** This has potential for reinforced visibility on its growth, Midcap Partners adds, alongside new licences, an agile financial model, a good cash position and perspectives in China

** By 09:27 GMT the stock is up 5.2% and is the top gainer on France's SBF 120 equity index .SBF120

** Including today's rise, the stock has gained 10.05% year-to-date

(Reporting by Alessandro Parodi)

((alessandro.parodi@thomsonreuters.com))

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