PARIS — Inter Parfums SA’s momentum continued into the second quarter, as sales rose 32.4 percent, driven by its main brands.
The French subsidiary of Inter Parfums Inc. registered revenues of 98.1 million euros, or $126.1 million, in the three months ended June 30. At constant exchange rates, sales increased 25.4 percent.
In the first half, revenues gained 28.1 percent to 208.9 million euros, or $271.1 million, spurred especially by the Montblanc, Jimmy Choo and Boucheron scent businesses. During the six months, revenues climbed 23.6 percent at constant exchange.
Dollar figures are converted at average exchange rates for the period to which they refer.
Inter Parfums SA raised its annual sales guidance to 420 million euros, or $508.5 million at current exchange.
“Current performances and the growth potential of Montblanc, Jimmy Choo and Boucheron fragrances highlight the importance of the choice of brands added to the portfolio in recent years and the company’s business model,” said Philippe Benacin, chairman and chief executive officer of Inter Parfums SA. “These brands offer the group decisive growth drivers that are expected to generate in 2012 nearly 100 million euros [or $121.1 million] in combined sales after just two years of activity. This trend will be further strengthened by the Balmain and Repetto fragrances currently in the development phase for launches planned in 2013.”
“With expenditures of more than 40 million [or $48.4 million] in the 2012 first half, our marketing and advertising efforts will be maintained in the period ahead,” stated Philippe Santi, executive vice president. “Despite this and after the 2011 first half’s already high level, we expect a significant growth in operating income for the first six months of this year.”
As reported, Burberry earlier in July exercised its option to buy out the license rights for its fragrance and beauty products from Inter Parfums SA, effective Dec. 31, while discussions between the two companies remain ongoing.
Meanwhile, Inter Parfums Inc. reported on Tuesday that net sales for the second quarter gained 20 percent to $145.6 million, up from $121.1 million in the year-ago period. It also increased in 2012 sales guidance to $62 million, and guidance for net income to approximately $35.9 million, or $1.17 a diluted share. The company plans to report full results for the quarter in August.
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