PARIS — Inter Parfums SA reported an 11 percent rise in its net income for 2016 to 32.4 million euros, or $35.9 million at average exchange, boosted by the integration of the Rochas brand for the full year and greater volumes from certain fragrance lines, especially Montblanc.
The Paris-based subsidiary of Inter Parfums Inc. of New York, said Tuesday that its operating profits for the period rose 9 percent to 49.7 million euros, or $55 million, giving an operating margin of 13.6 percent, down slightly from 14 percent a year earlier, despite a 19 percent increase in marketing and advertising spending.
Sales in 2016 grew 12 percent to 365.6 million euros, or $404.7 million, as reported.
The company confirmed previous sales guidance of between 385 million and 390 million euros, or $411 and $416 million at current exchange, for 2017. “While the global economic environment remains uncertain, we expect to once again outperform the fragrance and cosmetics market,” stated Inter Parfums SA chairman and chief executive officer Philippe Benacin.