LONDON — Revenue at Inter Parfums SA, the fragrance licensee for brands including Jimmy Choo, Lanvin, and Paul Smith, is projected to fall 29.4 percent to 300 million euros, or $384 million, in 2013, the company said in an outlook statement.
Dollar figures have been calculated at current exchange rates.
As reported, the company will part ways with its longtime licensor Burberry Group plc, which is taking its beauty and fragrance brand in-house next year. Inter Parfums will continue to operate the Burberry business until the end of the first quarter of 2013.
In a brief statement, Inter Parfums said revenue in 2012 is set to reach 425 million euros, or $544 million, driven by “very strong” performances from the Montblanc, Jimmy Choo, and Boucheron fragrances in particular. Those brands are set to generate nearly 100 million euros, or $128 million, in combined sales for the period, or a 45 percent increase on the previous year.
Meanwhile, revenue in 2013 could fall to 300 million euros, depending on the dollar-euro exchange rate, and with continued gains expected from all of Inter Parfums’ ongoing partnerships.
Inter Parfums flagged the Lanvin, Jimmy Choo, Montblanc, and Boucheron fragrances as particular drivers of growth in the year ahead. A second Jimmy Choo fragrance is planned for early next year, while Lanvin and Van Cleef & Arpels are also set to release new scents.
Inter Parfums added that, in light of its estimated cash position of close to 200 million euros, or $256 million, by mid-year, it will remain focused on “exploring all opportunities to expand its portfolio by seeking to add new brands, either on a proprietary basis or as a licensee.”