2012 nine-month sales: €328m. +20% at current exchange rates. +15% at constant exchange rates
PR Newswire/Les Echos/
2012 nine-month sales: EUR328m +20% at current exchange rates +15% at constant exchange rates
In the 2012 third quarter, Interparfums achieved further growth in sales from a comparison base that was already very high for fall 2011, bolstered by the launch of the Burberry Body line. Sales for the quarter thus reached nearly EUR119 million, up 8.6% at current exchange rates from last year's same period. Continuing strength of sales for Montblanc (+68%), Jimmy Choo (+45%) and Boucheron (+57%) fragrances in particular drove growth of more than 25% for the quarter for all brands combined excluding Burberry.
Consolidated sales for the first nine months of 2012 rose to EUR327.8 million, up 20.3% at current exchange rates and 15.0% at constant exchange rates year-on-year.
3rd quarter 9 months EUR millions 2011 2012 2011 2012 Burberry 65.3 63.3 150.7 166.6 Lanvin 13.8 15.5 40.0 45.0 Montblanc 7.9 13.2 20.5 35.2 Jimmy Choo 8.0 11.5 21.1 30.2 Van Cleef & Arpels 4.4 3.7 14.3 13.2 Boucheron (5 months in 2011) 2.1 3.3 3.7 13.2 S.T. Dupont 3.2 3.1 9.1 11.8 Paul Smith 4.3 3.5 11.4 8.7 Other 0.5 1.8 1.8 3.9 Total 109.5 118.9 272.5 327.8 Nine-month highlights by brand * On double digit growth from the brand's historic lines and a good performance by the Burberry Body line launched last year, Burberry fragrances grew more than 10%; * Lanvin fragrances maintained their forward momentum with steady expansion (+13%) based on continuing gains by the Eclat d'Arpègeline, good performances by the Jeanne Lanvin and Marry Me ! lines and the launch of the Jeanne Lanvin Coutureline; * With sales already exceeding EUR35 million, Montblanc fragrances delivered very high growth (+72%), confirming the success of the men's line Legend (EUR20 million in nine months); * Jimmy Choo fragrances also showed robust gains (+43%) on the strength of a product offering based on a single women's line, Jimmy Choo; * In a year without major launches, Van Cleef & Arpels fragrances' sales have remained steady at EUR13 million; * The gradual re-release of Boucheron fragrances and a first initiative with the Jaipur Braceletline generated sales of more than EUR13 million, confirming the brand's strong potential. Nine-month highlights by region * Driven by the significant performances of the Jimmy Choo (+150%) and Montblanc fragrances (+380%), North America (24% of total revenue) was up nearly 38%; * Expansion continued in the Middle East (in particular Saudi Arabia) and Eastern Europe (notably Russia) with gains of more than 30%; * Asia (17% of total revenue) and South America (9% of total revenue) recorded growth rates of 16% and 17% respectively; * Finally, performances in Western Europe remain positive (+6%) despite weaker consumer spending in selected countries. 2013 targets On 21 November Interparfums will release targets for 2013 taking into account the transition agreement concluded with Burberry and all launches programmed for the year, notably for Jimmy Choo, Lanvin, Van Cleef & Arpels and Boucheron brands as well the launch of the first Repetto fragrance in July 2013. Paris, October 23, 2012 Upcoming events Publication of 2013 targets November 21, 2012 (before the opening of trading) Actionaria trade show, Paris November 23 & 24, 2012 Shareholder information Investor relations - Interparfums SA Tel.: +33 1 53 77 00 99 Philippe Santi at +33 1 53 77 00 00 email@example.com Press contact Watchowah Cyril Levy-Pey at +33 6 08 46 41 41 firstname.lastname@example.org www.interparfums.fr Codes : Reuters IPAR.PA, Bloomberg ITP, ISIN FR0004024222-ITP Indices : CAC Mid & Small ITP
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