Fourth-quarter revenues at New York-based Inter Parfums Inc. increased 13.1 percent to $113.6 million from $100.4 million in the same period a year ago, the firm reported Tuesday.
This story first appeared in the January 28, 2010 issue of WWD. Subscribe Today.
At comparable foreign exchange rates, net sales for the quarter ended Dec. 31 were up 3 percent.
Sales of Inter Parfums’ European operations rose 16 percent in the fourth quarter to $96.5 million from $83.2 million in the year-ago period, an increase that was “better than expected,” noted Jean Madar, chairman and chief executive officer of Inter Parfums. U.S.-based operations had sales of $17.1 million, off 0.6 percent from $17.2 million a year ago.
Full-year revenues decreased 8.1 percent to $410.1 million from $446.1 million in 2008. At comparable exchange, net sales for 2009 were down 7 percent.
Meanwhile, Inter Parfums’ Paris-based subsidiary, Inter Parfums SA, last year rang up sales of 259.2 million euros, or $361.5 million at average exchange, down 2.1 percent versus 2008. At constant exchange rates, sales were down 6.2 percent.
Burberry’s beauty business, for which Inter Parfums holds the license, contracted 2 percent year-on-year to 166.2 million euros, or $231.8 million, while sales of Lanvin fragrances gained 4 percent to 40.6 million euros, or $56.6 million. Revenues from scents by Van Cleef & Arpels and Paul Smith dipped 4 percent to 20.2 million euros, or $28.2 million, and 5 percent to 12.8 million euros, or $17.9 million, respectively. S.T. Dupont’s beauty business posted a 1 percent gain to 11.5 million euros, or $16 million, while Nickel slumped 13 percent to 2.3 million euros, or $3.2 million.
The company stated 2010 is “off to a promising start,” adding major fragrance launches are planned for all its brands.