PARIS — Inter Parfums SA on Tuesday reiterated its guidance for 2015 and gave projections for the following year.
The Paris-based subsidiary of Inter Parfums Inc., of New York, expects sales to reach 310 million euros to 320 million euros, or $330.5 million to $341.1 million at current exchange, in 2015. The operating margin at the company should be in the 11 percent to 12 percent range.
Highlights for Inter Parfums SA this year already include the acquisition of Rochas fragrance and fashion brand, the signing of a fragrance licensing agreement with Coach and the early extension of the company’s license with Montblanc for five more years, through Dec. 31, 2025.
Inter Parfums SA estimated 2016 revenues should hit 340 million euros, or $362.4 million, up almost 8 percent on-year. Growth drivers are expected to include further gains by Montblanc fragrances, the consolidation of Jimmy Choo sales, the expanded distribution of Rochas scents and a women’s fragrance introduction for Coach.
Also in 2016, operating margin at Inter Parfums SA should come to nearly 12 percent.
You May Also Like
“With favorable foreign exchange conditions expected to persist, the company intends to accelerate the development of its entire brand portfolio by increasing its marketing and advertising efforts while at the same time limiting increases in fixed costs,” Inter Parfums SA said in a statement. “Finally, with approximately 200 million euros [or $213.2 million] in cash, the company will remain on the lookout for any new licensing or acquisition opportunities.”