PARIS — Inter Parfums SA raised its guidance for 2016 on the back of strong third-quarter sales boosted by good momentum from its best-selling Montblanc and Jimmy Choo collections, Rochas’ successful integration and a Coach launch.
The Paris-based subsidiary of Inter Parfums Inc., headquartered in New York, 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 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.
Montblanc sales rose 23 percent to 84.5 million euros, or $94.3 million, bolstered by the Legend and Legend Spirit collections. Lanvin scent sales were up 1 percent in the third quarter, aided by the Modern Princess line launch, bringing sales up to 41.1 million euros, or $45.9 million, in the nine months.
Rochas fragrances posted sales of 20 million euros, or $22.3 million, and Collection Extraordinaire drove Van Cleef & Arpels’ fragrance revenues up 90 percent. Meanwhile, Coach, whose women’s line rolled out in July, exceeded targets with sales of 12.4 million euros, or $13.8 million.
Dollar figures are converted at average exchange for the periods in question.
Inter Parfum SA sales grew 28 percent in North America, 17 percent in France and 12 percent elsewhere in Western Europe. Revenues in Asia advanced almost 14 percent, and sales in the Middle East remained stable.
Thanks to the solid third-quarter performance by its main brands and better-than-expected result of Coach’s introduction, Inter Parfums SA raised its annual sales guidance to 350 million euros, or $380.7 million at current exchange. It had formerly been forecast to reach 340 million euros, or $369.8 million.
Among Inter Parfums SA’s other licensed fragrance brands are Boucheron and Paul Smith.