By  on January 25, 2011

PARIS — Inter Parfums SA reported 2010 sales rose 17.9 percent to 305.7 million euros, or $405.9 million. At constant exchange, they increased 18.3 percent.

The Paris-based subsidiary of Inter Parfums Inc. said Burberry brand revenues grew 11 percent on-year to 184.8 million euros, or $245.4 million. The Lanvin business clocked a 31 percent gain to 53 million euros, or $70.4 million, while Van Cleef & Arpels' sales were 25.9 million, or $34.4 million, up 29 percent.

Dollar figures are converted from euros at average exchange rates for the period.

Due to the launch of a new Burberry women's fragrance line later this year, “the integration of existing fragrance lines under the Boucheron brand in the second half, the already enthusiastic response to Jimmy Choo fragrances and finally, a good performance by Montblanc fragrances in the 2010 second half, the company has raised its guidance for 2011 sales to approximately 350 million euros, [or $478.4 million at current exchange], or growth of more than 15 percent over 2010,” stated Philippe Benacin, Inter Parfums SA's chairman and chief executive officer.

Consolidated operating profit is expected to reach 41 million euros, or $56 million, a gain of almost 22 percent, reflecting an operating margin of 13.5 percent.

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