PARIS — Inter Parfums SA third-quarter sales rose 5.5 percent, spurred by its Montblanc, Lanvin and Jimmy Choo fragrance brands and despite a challenging comparison base against the same period in 2013.
The Paris-based subsidiary of Inter Parfums Inc., of New York, said Thursday its revenues in the three months ended Sept. 30 were 78.3 million euros, or $103.9 million.
On a like-for-like basis, company sales gained 6.1 percent, versus 33 percent growth in third-quarter 2013.
Dollar figures are calculated at average exchange for the period to which they refer.
In the first nine months of 2014, company sales declined 24.1 percent to 222.1 million euros, or $301.2 million, due chiefly to the termination of the Burberry license agreement last year. Like-for-like revenues were up 15.3 percent.
Alongside a strong showing from the Montblanc, Lanvin and Jimmy Choo brands, Inter Parfums said highlights from the period also included sales increases in South America, up 48 percent; Asia, with a 25 percent advance, and North America and Western Europe, each posting an 18 percent rise.
“Based on third-quarter performances, and in particular the extremely promising launch of the Jimmy Choo Man line, we are able to confirm our target for annual sales of 280 million euros [or $353.8 million at current exchange] for the 2014 full year,” said Philippe Benacin, chairman and chief executive officer of Inter Parfums SA.
“Recent positive foreign-exchange trends, particularly for the euro [versus the] U.S. dollar, will allow us to strengthen our marketing efforts on a case-by-case basis between now and year-end, while maintaining our full-year operating margin target of 10 percent to 11 percent,” added Philippe Santi, company executive vice president and chief financial officer.