PARIS — For the year ended Dec. 31, Inter Parfums SA posted sales of $158.3 million at current exchange rates, or 124.6 million euros, up 33.4 percent compared with 2002. At constant exchange, sales rose 42.5 percent.
This story first appeared in the January 16, 2004 issue of WWD. Subscribe Today.
Inter Parfums SA is Inter Parfums Inc.’s Paris-based subsidiary.
Inter Parfums SA’s year-end result was better than its estimate, the company said in a statement. Strong growth was seen throughout the fourth quarter, when its consolidated sales reached $39.3 million, or 30.9 million euros, up almost 26 percent year-on-year.
The firm’s business in 2003 also was driven by its Burberry and Paul Smith brands, which notched growth of 64 percent and 32 percent, respectively.
Operating margin for the company last year is estimated at about 15 percent and its net margin at approximately 10 percent. Inter Parfums SA’s profits will be disclosed March 9.
Looking ahead, Inter Parfums SA expects to complete its acquisition of 64 percent of Nickel SA, maker of men’s skin care products and spa operator, during the first quarter. Also in 2004, Inter Parfums SA will focus on continuing its rollout of the Burberry Brit women’s line in Asia, South America and the Middle East, and on possibly launching a Burberry Brit for men line in some major markets this fall. New projects are also slated for S.T. Dupont, Paul Smith and Christian Lacroix.
For year-end 2004, Inter Parfums SA estimates it will finish the year with sales of $177.9 million, or 140 million euros, without the consolidation of Nickel.