The Paris-based subsidiary of Inter Parfums Inc., of New York, also expects annual growth for next year of more than 8 percent versus 2016. The company’s operating margin is forecast to stand at about 13 percent, based on current rates of exchange, in 2017.
Inter Parfums SA reiterated its guidance for full-year 2016 sales of 350 million euros, or $386.8 million, representing growth of about 7 percent over 2015, against a global backdrop of economic and geopolitical instability. The group said its operating margin should lie within the 12.5 percent to 13 percent range, “reflecting intentional and targeted increases in marketing and advertising spending in the fourth quarter.”
Dollar figures are converted at current exchange rates.
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Product highlights for 2016 include the launch of Montblanc Legend Spirit this spring and Coach in the fall.
For 2017, there’s the debut fragrance line developed under Rochas since its acquisition by Inter Parfums in May 2015. It will first be launched in about a dozen countries. A Coach men’s scent is set to bow, and there will be initiatives for the Jimmy Choo Signature and Jimmy Choo Man lines. Lanvin Modern Princess is to continue its rollout, and there will also be a number of other introductions for brands including Boucheron and Karl Lagerfeld.
As reported, Inter Parfums SA posted an 11.5 percent rise in revenues in the three months ended Sept. 30 to 110.6 million euros, or $123.5 million at average exchange. At constant exchange rates, sales in the period gained 13.7 percent.
Consolidated revenues for the company in the first nine months of 2016 advanced 10.8 percent, or 11.8 percent at constant exchange, to 272.9 million euros, or $304.6 million.
Inter Parfums SA’s other fragrance brands — some owned, some licensed — include Van Cleef & Arpels, Paul Smith, Balmain and Repetto.