PARIS — Inter Parfums SA said fourth-quarter 2013 sales declined 50.9 percent to 57.7 million euros, or $78.5 million.
Like-for-like revenues — excluding Burberry fragrances — gained 16.3 percent in the three months ended Dec. 31, 2013, due to strong sales of Montblanc, Jimmy Choo, Boucheron and Repetto scents.
Inter Parfums SA is the Paris-based subsidiary of Inter Parfums Inc.
Dollar figures are converted from the euro at average exchange for the period to which they refer.
Full-year sales for the company dipped 21.3 percent to 350.4 million euros, or $465.4 million. Recurring revenues in 2013 grew 19.3 percent.
Sales of Montblanc and Jimmy Choo fragrances gained in 2013 about 36 percent each, to 62.7 million euros, or $83.3 million, and 54.6 million, or $72.5 million, respectively. Boucheron revenues registered a 6.1 percent uptick to 17.4 million euros, or $23.1 million. Meanwhile, the Repetto fragrance that has been on the market seven months became France’s second-best women’s fragrance launch, according to the company.
"With sales coming in slightly above the most recent estimates, operating profit may now exceed 50 euros million [or $66.4 million] for the 2013 full year, which would result in an exceptionally high operating margin of 14 percent," said Philippe Santi, Inter Parfums SA executive vice president.
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