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Inter Parfums SA Sales Rise 8.5% in Q1

The momentum was driven by Montblanc and Jimmy Choo fragrance sales, plus the integration of the Rochas perfume label.

PARIS — Inter Parfums SA reported first-quarter sales rose 8.5 percent, driven by momentum from Montblanc fragrances, Jimmy Choo scents’ steady expansion and the integration of Rochas perfumes.

The Paris-based subsidiary of Inter Parfums Inc., of New York, said Friday that its sales in the three months ended March 31 reached 83.7 million euros, or $92.3 million, up 7.3 percent at constant exchange rates.

Montblanc scents generated more than 30 million euros, or $33.1 million, in revenues in the period, a 32 percent gain, bolstered by the launch of Montblanc Legend Spirit.

Inter Parfums SA said Jimmy Choo consolidated its position with the ongoing rollout of Jimmy Choo Illicit.

Lanvin, whose sales contracted, was adversely impacted by the slowdown in its two main markets — Russia and China. The label is readying for a new women’s fragrance line this fall.

Rochas registered almost 6 million euros, or $6.6 million, in revenues. The brand has a solid foundation in Spain and France, primarily due to the Eau de Rochas and Rochas Man franchises.

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Dollar figures have been converted at average exchange rates for the period to which they refer.

By region, Inter Parfums SA sales rose 14 percent in North America, where the Montblanc Legend and Jimmy Choo Man lines figured in the top 15 men’s scents. Revenues in Western Europe advanced 36 percent, and in France they rose 26 percent. Due to regional economic and geopolitical instability, sales were considerably down in Eastern Europe, South America and the Middle East.

Inter Parfums SA said it is on track to meet guidance for full-year 2016 revenues of 340 million euros, or $383.4 million at current exchange.

As reported, Inter Parfums Inc. on Thursday reported first-quarter net sales were up 2.1 percent to $111.5 million. At comparable currency exchange, the revenues gained 3 percent.