Strong growth in 2013 1st quarter. Excellent performances by Lanvin, Jimmy Choo and Montblanc Fragrances
PR Newswire/Les Echos/
Strong growth in 2013 1 st quarter Excellent performances by Lanvin, Jimmy Choo and Montblanc fragrances
Consolidated first-quarter sales reached EUR147.9 million, up 33.4% at current exchange rates and 34.5% at constant exchange rates from the same period in 2012.
This performance was driven not only by strong demand for all the portfolio's current brands and in particular Lanvin, Jimmy Choo and Montblanc, but also higher-than-expected sales for the Burberry brand's last quarter within the Group. Like-for-like sales (excluding Burberry) for the quarter came to EUR64.8 million, up 14.6% and in line with initial forecasts.
In EUR millions Q1 12 Q1 13 13/12 Burberry 54.3 83.1 +53% Lanvin 15.7 18.4 +17% Jimmy Choo 11.8 17.6 +49% Montblanc 11.0 15.3 +39% Van Cleef & Arpels 5.2 4.1 -21% S.T. Dupont 3.6 3.2 -11% Boucheron 4.2 2.8 -35% Paul Smith 2.8 2.5 -8% Autres 2.3 0.9 ns Total 110.8 147.9 +33%
ns: not significant
Highlights by brand
* With gains by all the brand's lines of the portfolio, Interparfums achieved an excellent performance for Burberry fragrances with sales of EUR83 million (+53%) in a period of only three months;
* Lanvin fragrances had sales of EUR18.4 million, up 17% on continuing growth by the Eclat d'Arpège, line, a steady performance by the Jeanne Lanvin line and the launch of the Lanvin Me line;
*n The very promising start for Flash, the second fragrance line launched in January, further boosted growth for Jimmy Choo fragrances with sales of EUR17.6 million, up 49%;
* With sales of EUR11 million, that more than doubled in the period, the Montblanc Legend line contributed to the positive momentum of Montblanc fragrances that reached overall sales of sales of EUR15.3 million, up 39%;
* With their next major launches not scheduled until the summer and fall, sales for Van Cleef & Arpels and Boucheron fragrances declined in line with initial budget targets.
Highlights by region
Reflecting its well-balanced geographic segmentation, the portfolio (excluding Burberry) delivered strong growth in most regions throughout the world: - In Asia and Eastern Europe (mainly Russia) with Lanvin fragrances; - In Asia and Western Europe with Jimmy Choo fragrances; - In Western Europe with Montblanc fragrances.
Based on performances in the first months of the year, revenue for the 2013 full-year is expected to exceed EUR300 million.
Paris, April 22, 2013
Upcoming events Publication of 2013 2nd quarter sales
July 24, 2013 (before the opening of the
NYSE-Euronext Paris) Shareholder information Investor Relations and Analysts contact Philippe Santi: +33 1 53 77 00 00 email@example.com Media contact Cyril Levy-Pey: +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
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