Goldman Sachs maintains a Buy rating on Interparfums, expecting near-term headwinds in the Middle East but significant growth potential in FY27-28 driven by a massive product launch cycle.
Key Takeaways
- 1.Expect short-term growth in the Middle East to be hampered by regional disruption.
- 2.A significant blockbuster fragrance launch cycle is expected for FY27 and FY28.
Table of Contents
- Near-term Middle East drag, blockbuster launch upside ahead; Buy
- Major blockbuster launch cycle is approaching
- Changes to estimates
- Summary financials
- Valuation and risks
- Disclosure Appendix
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Authors
Aron AdamskiOlivier NicolaïRebecca Ayo-AdebanjoSam DarbyshireTom HullsSrikar Medisetti
Securities
IPAR.PAIPARPUIGb
Themes
Fragrance launch pipeline acceleration
Regions
Middle EastEuropeAsia PacificUnited States