Burberry and other designer scents pushed Inter Parfums Inc.’s fourth-quarter sales up by 68 percent.
For the three months ended Dec. 31, net sales were $189.1 million, compared to $112.5 million in the year-ago quarter. At constant exchange, revenues gained 61 percent.
For the year, net sales gained 33.6 percent to $615.2 million, from $460.4 million, or 28 percent at constant exchange.
Referring to its European-based operations, Jean Madar, chairman and chief executive officer, stated that in local currency, Burberry fragrance sales were up 96 percent in the fourth quarter and 20 percent for the year, boosted by the global rollout of Burberry Body as well as the strong, continued performance of the Jimmy Choo and Montblanc fragrances. Madar said the full-year sales increase also reflects the performance of Inter Parfums Luxury Brands, a subsidiary of Inter Parfums SA that began operation in January 2011 to distribute European-based products in the U.S. market.
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Meanwhile, Inter Parfums Inc.’s Parisian subsidiary, Inter Parfums SA, reported today that its fourth-quarter 2011 consolidated sales rose 79.2 percent to 125.8 million euros, or $170.2 million, driven by strong momentum particularly from the Burberry, Lanvin, Jimmy Choo and Montblanc fragrances plus successful launches last year. At constant exchange, revenues rose 81.4 percent.
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For full year, Inter Parfums SA registered a 30.3 percent sales gain to 398.3 million euros, or $554.7 million. At constant exchange, revenues were up 32.9 percent.
Dollar figures are calculated from the euro at the average exchange rates for the period to which they refer.
Due to the uncertain economic environment, the company maintained its 2012 sales target of 400 million euros, or $521.2 million at current exchange.
Inter Parfums Inc. plans to release the results for the fourth quarter and full year on March 13.