PR Newswire/Les Echos/
Annual sales guidance of EUR300 million
2012: Strong growth for Montblanc, Jimmy Choo and Boucheron fragrances
Interparfums has maintained its growth momentum in 2012 with revenue expected to
reach EUR425 million, a rise of nearly 7%, despite the particularly high
comparison base from 2011 linked to the launch of the Burberry Body line.
This growth driven by the very strong performances from Montblanc, Jimmy Choo
and Boucheron fragrances in particular is expected to generate nearly EUR100
million in combined sales for the period or a 45% increase on the previous year
after just two years of activity as part of the Group's portfolio.
2013: A portfolio of high quality brands
In 2013, continued gains are expected from all of the portfolio's ongoing brands
in response to:
* Growing successes by the Lanvin, Jimmy Choo, Montblanc and Boucheron
fragrances in particular;
* The launch of new women's fragrance lines in the spring under the Jimmy Choo,
Lanvin and Van Cleef & Arpels brands;
* The first significant initiatives in the fall for the Boucheron, Balmain and
With these developments, and on the strength of its sustainable and compelling
business model and efficient operating organization, consolidated revenue of
approximately EUR245 million is expected for 2013 for these ongoing brands or
growth of more than 20% from 2012.
As previously disclosed, Interparfums will continue operating the business for
the Burberry brand for a period limited to the first quarter of next year. Based
on the current Euro-US dollar exchange rate, sales for the 2013 full-year may
reach EUR300 million.
Furthermore, in light of our estimated cash position of close to EUR200 million
by mid-year, Interparfums will remain focused on exploring all opportunities to
expand its portfolio by seeking to add new brands either on a proprietary basis
or as a licensee.
Paris, November 21, 2012
Upcoming event Actionaria trade show, Paris
November 23 & 24, 2012
Publication of 2012 sales
January 29, 2013 (before the opening of
Shareholder information Interparfums Investor Relations and Analysts
Tel.: +33 (0)1 53 77 00 99 Contact
+33 (0)1 53 77 00 00
Media contact: Watchowah
Cyril Levy Pey
+33 (0)1 53 77 00 00
www.interparfums.fr Codes: Reuters IPAR.PA, Bloomberg ITP,
ISIN FR0004024222-ITP Indices: CAC Mid & Small
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.
-0- Nov/21/2012 07:31 GMT
Press spacebar to pause and continue. Press esc to stop.