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Double-Digit Gains for Inter Parfums SA in ’04

PARIS — Inter Parfums SA posted a 2004 net profit of $20.3 million at average exchange, up 20 percent year-on-year.<BR><BR>The company is the Paris-based subsidiary of Inter Parfums Inc.<BR><BR>Inter Parfums, whose portfolio includes the...

PARIS — Inter Parfums SA posted a 2004 net profit of $20.3 million at average exchange, up 20 percent year-on-year.

The company is the Paris-based subsidiary of Inter Parfums Inc.

Inter Parfums, whose portfolio includes the Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Nickel and Lanvin beauty brands, registered operating profits of $31.3 million, a 23 percent increase in the period.

These came on sales of $210.5 million, up 26 percent. At constant group structure and current exchange rates, sales would have risen 19 percent.

“It’s a good score, considering the world economy and the perfumery market,” said Philippe Benacin, president and chief executive officer, at a financial analyst meeting here.

Among the key launches last year were Burberry Brit for men, Paul Smith London and L’Eau from S.T. Dupont.

Other highlights were the renewal of the Burberry license, which includes a higher percentage of royalties going to Burberry than before, plus a doubled media spend and dedicated team for the brand, said Benacin.

In 2004, Burberry rang up $158.9 million in sales, up 30 percent year-on-year; Paul Smith, $19.1 million, up 22 percent; S.T. Dupont, $11.9 million; Christian Lacroix, $4.9 million, down 38 percent; and Celine, $2.5 million, down 42 percent.

For the nine months Nickel’s sales were consolidated into Inter Parfums SA’s, they generated $2.3 million. For the six months Lanvin’s were integrated, they rang up $10.2 million.

By zone, Western Europe clocked sales of $82.9 million last year, up 15 percent against the prior-year period; North America, $29.3 million, up 30 percent, and South America, $24.2 million, up 90 percent.