Inter Parfums net sales up 29.3%
European operations performed well for the company, with sales climbing 34.4% on last year, while US operations saw sales slip 7.6%
Inter Parfums has concluded its first quarter to 31 March 2013 with a net sales rise of 29.3% on the prior year quarter to $213.8m. Net income, meanwhile, saw a significant 105% increase to $31.7m compared to $15.5m last year.
European-based operations performed particularly well, generating sales of $195.1m – up 34.4% from $145.2m in 2012. Sales by US-based operations, however, were down 7.6% from last year’s $20.2m to $18.7m.
Commenting on the results, Jean Madar, Chairman and CEO of Inter Parfums said: “Sales of our ongoing prestige brands posted strong growth during the first quarter. Excluding Burberry from both the current and prior year quarters, European-based sales were up 15.5% year-over-year to $85.5m. Sales of Jimmy Choo fragrances benefitted from the successful launch of Flash, which contributed to the 50% comparable quarter increase for the brand.”
Madar added that top line growth remained strong in all major markets: “Our largest markets, North America, Western Europe, and Asia saw sales increases of 28%, 24% and 29%, respectively. While Eastern Europe, Middle East, and Central and South America reported sales increases of 96%, 9% and 41%, respectively.”
