PARIS – Interparfums SA stock took a hit Thursday, after the fragrance maker said its full-year sales target should return to the lower end of the initial estimate, due to the appreciation of the euro against the U.S. dollar since spring.

At 11 a.m. CET, the company’s shares were trading at 31.86 euros, down 9.1 percent versus the prior day’s close.

The Paris-based maker of Montblanc, Lacoste, Jimmy Choo, Van Cleef & Arpels and Coach fragrances reported on Thursday morning second-quarter 2025 sales of 211.4 million euros, up 0.7 percent versus the same prior-year period in reported terms and 3.3 percent at constant exchange rates.

Interparfums SA said that despite geopolitical turmoil during springtime intensifying consumers’ wait-and-see attitude in many markets, business held strong between April and June, particularly in the United States. There, sales rose 9 percent during the three-month period.

The company’s sales in the first half of the year reached 446.9 million euros, a 5.8 percent rise, in line with projections. In constant currency terms, the group’s sales were up 6.1 percent in the six months.

“Despite an increasingly complex environment, we have obviously achieved a good first half, in line with our projections,” said Philippe Benacin, chairman and chief executive officer of Interparfums SA, in a statement. “Given the appreciation of the euro against the U.S. dollar since the spring, our 2025 sales target should return to the lower end of our initial estimate, around 910 million euros.”

Interparfums SA said it has taken various measures to limit the impact of possible U.S. tariffs on European imports to curb the impact on the group’s profitability.

“The recent proposal to increase this rate to 30 percent as of Aug. 1, 2025, if it goes into effect, could lead the company to take additional measures this fall,” said the company.