2014 outlook. Continuing growth
PR Newswire/Les Echos/
2014 outlook Continuing growth
2013: A new dynamic
The new dynamic triggered by the change in the brand portfolio's structure in 2013 has accelerated the pace of expansion, particularly for Montblanc and Jimmy Choo fragrances, and contributed to the extremely promising start for the Repetto and Boucheron Place Vendôme lines. On this basis, the current brand portfolio is expected to grow 15% from 2012 with sales of EUR240-245 million.
Bolstered by these performances, total annual sales for 2013 should thus exceed the latest estimates to reach EUR340-345 million.
2014: Continuing growth
In 2014, at current euro/dollar levels, like-for-like sales are expected to achieve another year of 15% growth with an annual target of EUR280 million from a combination of continuing development by existing lines and a sustained program of launches, including notably:
* the launch of the first lines developed by the company under the Balmain and Karl Lagerfeld brands;
* the launch of a second men's line under the Montblanc brand destined to support the continuing development of the first line, Legend, launched in 2011;
* a first men's fragrance initiative under the Jimmy Choo brand.
With advertising budgets significantly strengthened, the operating margin target may reach 10%-11%.
Interparfums will further continue to explore all major opportunities to expand its portfolio to acquire new brands either on a proprietary basis or as a licensee, in light of an estimated cash position at December 31, 2013 of EUR220 million.
Paris, November 19, 2013
Visit us at interparfums.fr
15% growth in 2014 (excluding Burberry)
Actionaria Trade Show, Paris November 22 & 23, 2013
Publication of 2013 sales January 28, 2014 (before the opening of NYSE-Euronext Paris)
Investor Relations and Analysts Contact
Philippe Santi, +33 1 53 77 00 00 firstname.lastname@example.org
Cyril Levy-Pey, +33 1 53 77 00 00 email@example.com
Interparfums ISIN - FR0004024222-ITP Reuters - IPAR.PA Bloomberg - ITP Indexes - CAC Mid & Small
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