Record performance in 2012. Exceptional dividend payment.

PR Newswire/Les Echos/ 
Record performance in 2012
Exceptional dividend payment 
In 2012, Interparfums maintained its forward momentum of prior years with
further market share gains driven by significant advances in particular by
Montblanc, Jimmy Choo and Boucheron fragrances that generated combined sales of
nearly EUR100 million after just two years of activity as part of the Group's
Audited accounts(1)(EURmillions)  2011     2012  12/11   2012(*)  12/11(*)
Net sales                        398.3    445.5   +12%   445.5     +12%
Gross margin                     252.7    281.9   +12%   281.9     +12%
  % of sales                     63.4%    63.3%          63.3%
Current operating income          46.9     58.2   +24%    58.2     +24%
  % of sales                     11.8%    13.1%          13.1%
Non-current items                 (0.6)   154.6    ns    (1.4)      ns
Operating profit                  46.3    212.8    ns     56.8     +23%
  % of sales                     11.6%    47.8%          12.7%
Net income                        30.3    135.9    ns     36.1     +19%
  % of sales                      7.6%    30.5%           8.1%
Shareholders' equity             216.0    344.9   +60%   344.9     +60%
Net cash                          13.9    207.9   x 15   207.9     x 15  
(*) Excluding items associated with the discontinuation of the Burberry  
license. ns: not significant. 
A current operating margin above 13% 
Through tight control over all operating expenses, in particular for marketing
and advertising (+9%), results came in above recent estimates. Current 
operating income thus reached EUR58.2 million, up 19% on the prior year with a 
margin above 13%. 
With the recognition of income and expenses associated with the discontinuation
of the Burberry license for a net gain of EUR156.1 million before tax, and an
additional impairment for the Nickel brand, operating profit was up sharply to
EUR2 12.8 million. And reflecting this same trend, net income, reached nearly
EUR136 million. 
Like-for-like (and notably excluding items associated with the discontinuation
of the Burberry license), net income rose 19% to EUR36.1 million marking the
16th consecutive year of uninterrupted growth. 
A much stronger balance sheet 
In this context, the Group's financial position was very significantly
strengthened on December 31, 2012 with shareholders' equity of EUR345 million
(64% of total assets) and net cash of EUR208 million. On top of this, positive
operating cash flows were generated by tight inventory controls and further
reductions in the trade receivables balance. 
Dividends and bonus share issue 
To reward shareholders for their loyalty, the Board of Directors will ask the
Annual General Meeting of April 22, 2013 to approve:
- the distribution of an ordinary dividend of EUR0.54 per share, up 19% from 
the prior year, with a payment date of May 3, 2013(2);
- the distribution of an exceptional dividend of EUR0.54 per share, with a
payment date of May 3, 2013(2);
- a new bonus share issue for the 14th consecutive year (on the basis of one 
new share for every ten shares held in June 2013) programmed for June 2013. 
Paris, March 13, 2013 
Philippe Bénacin, Chairman and CEO commented: 
"The level of these results, coupled with sustained development by the
portfolio's main lines, and in particular Eclat d'Arpège, Jimmy Choo and
Montblanc Legend, initial market responses to the launch of the Jimmy Choo 
Flash line and the quality of upcoming initiatives for the Lanvin, Van Cleef &
Arpels, Balmain, Boucheron and Repetto brands render us very confident and 
provide a solid basis for optimism in meeting our annual sales target of 
EUR300 million for the 2013 full year. In light of the above, the strategic 
shift we initiated in 2012 appears to be off to a particularly excellent 
Philippe Santi, Executive Vice President, added: 
"Despite a backdrop of uncertainty in the period, the merits of our successful
business model were again confirmed in 2012. Highlighting this point, the
current operating margin came in above 13%. And even as our marketing and
advertising expenditures are redeployed in the period ahead, this margin in 
2013 is expected to remain at a high level of around 11%." 
(1) Certification pending. (2) Ex-rights date: April 29, 2013. 
Shareholder information          Publication of 2013 first-quarter sales
Tel.: +33 (0) 1 53 77 00 99      April 22, 2013 (before the opening  

                                 of the NYSE-Euronext Paris stock exchange)

Join us on Facebook              Contact Interparfums
Follow us on Twitter             Philippe Santi au 01 53 77 00 00 - 
                                 2013 AGM
                                 April 22, 2013 
                                 (4:00 pm - Théâtre du Rond Point des Champs 
                                 Elysées - Paris)

            Codes: Reuters IPAR.PA, Bloomberg ITP,  
                             ISIN FR0004024222-ITP Indices: CAC Mid & Small 
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-0- Mar/13/2013 07:35 GMT
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