Interparfums enjoys strong H1 2012 sales growth

InterparfumsSA has announced sales of €208.9m in the first half of 2012, an increase of 28% on the prior year period. Operating profit amounted to €29.2m (up 12%) and net income €18.9m (up 11%). According to the company, sales gains were driven by the growing success of the Montblanc, Jimmy Choo and Boucheron fragrances and amplified by a favourable foreign exchange effect.

“At the dawn of a new phase in our history [Burberry announced that it would buy its licence rights from Interparfums for €181m at the end of 2012] Interparfums is ideally positioned to pursue sustained growth with excellent performances from our portfolio’s recently added brands surpassing targets of the initial business plans,” said chairman and ceo Philippe Benacin. “With 20 years experience in an increasingly complex business, recognised expertise and highly motivated teams, we are ready to write new chapters for the years ahead.”

Philippe Santi, executive vp, added: “These results highlight the group’s ability to deliver solid and profitable growth by ramping up marketing and advertising budgets in a planned, sustained and targeted manner. Interparfums furthermore has substantial resources to acquire one or more brands either on a proprietary basis or as a licensee, based on a cash proposition in early 2013 of nearly €200m. In this context, opportunities for external growth will be studied without haste and with an objective of maintaining the quality and homogeneity of our portfolio.”