PARIS — Inter Parfums SA said its third-quarter sales declined 37.6 percent to 74.2 million euros, or $98.3 million, reflecting the discontinuation of the Burberry beauty license on March 31.
On a like-for-like basis, revenues in the quarter ended Sept. 30 rose 33 percent, powered by the Montblanc and Jimmy Choo fragrances plus the introductions of the Repetto and Boucheron Place Vendôme scents.
In the first nine months of this year, sales at the Paris-based subsidiary of Inter Parfums Inc. decreased 10.7 percent to 292.7 million euros, or $385.5 million. On a comparable basis, they gained 20 percent.
Dollar figures were converted from the euro at average exchange for the period to which they refer.
In the nine months, Montblanc posted a sales rise of 36 percent to about 48 million euros, or $63.2 million, and Jimmy Choo’s revenues grew 46 percent. Boucheron fragrances registered sales of 12 million euros, or $15.8 million, primarily due to the launch of Place Vendôme. In its first four months on the market, Repetto made sales of 6 million euros, or $7.9 million, in numerous European countries.
In a statement, Inter Parfums SA chairman and chief executive officer Philippe Benacin noted accelerated growth over the past few months and said 2013 sales may exceed 335 million euros, or $463 million at current exchange.
In September, the company anticipated annual sales of 335 million euros.