In a particularly difficult economic and foreign exchange environment, the year-end outlook for 2008 provides a number of reasons for satisfaction:
• Burberry fragrances achieved good results driven by the successful worldwide launch of the new women’s line Burberry The Beat and the strength of the brand’s existing lines
• Lanvin fragrances also performed well, particularly in the second half, with steady sales by Eclat d’Arpège and the launch of the Jeanne Lanvin line
• Van Cleef & Arpels’ sales largely exceeded forecasts in response to solid performances by the First line and the very successful launch of the Féerie line, the Group’s first creation under this brand.
Based on very satisfactory sales for the fall season, the Group maintains its target for 2008 full-year sales of €260 million.
Interparfums had sales of €72.8 million in the 2008 third quarter, up 11.9% at current exchange rates and 17.6% at constant exchange rates over the prior year’s third quarter.This gain reflected contributions from Féerie of Van Cleef & Arpels and Jeanne Lanvin fragrance line launches and good performances by the portfolio’s historic brands.
For the first nine months sales totalled €201.1 million, advancing 14.7% at current exchange rates and 21.3% at constant exchange rates over the same period last year. Burberry fragrances achieved good results with sales of €127.9 million, up more than 13% at current exchange rates mainly driven by the successful worldwide launch of the new women’s line Burberry The Beat.
Interparfums and Rafael Nadal have signed a major international agreement to promote the development of Lanvin fragrances.
In the 2008 first half, the Group achieved sustained growth in sales volumes. Consolidated sales increased 16% to €128.3 million at current exchange rates and 24% at constant exchange rates over the same period in 2007.
In the 2008 first half, in an economic environment that remains difficult, the Group pursued sustained growth with strong gains in sales volumes. At current exchange rates consolidated sales increased 16.3% over the same period in 2007 to €128.3 million. This performance was nevertheless impacted by unfavourable dollar/euro exchange rate trends (1.53 versus 1.33). At constant exchange rates consolidated sales grew 24% over the prior period to €136.3 million.
Continued strong momentum in the first quarter fueled significant market share gains. As a result, sales totalled €73.9 million, advancing 27.8% at current exchange rates and 35% at constant exchange rates over the equivalent prior-year period.
|
Interparfums |
||
|---|---|---|
|
Closing price €23.93 |
Var. D -1 : € 0.53 |
Opening €23.40 |
|
Var. D -1 % : 2.26 % |
Closing €23.40 |
|