Interparfums posts better-than-expected sales in 2013
Interparfums closed it fiscal year 2013 with higher-than-expected revenue of 350 million euros. In November, Interparfums SA, the Paris-based subsidiary of Interparfums Inc., forecast end-of-year sales to come in between 340 and 345 million euros.
Like-for-like revenues - excluding those from Burberry whose contract with the company ended on March 31 - sales under license at the group were up 19% at 252 million euros, against forecasts between 245 and 250 million euros.
Sales at Lanvin rose by 7% while Jimmy Choo and Montblanc both saw a jump of 36% in sales. The company's recent launch of a fragrance for Repetto boosted the group's performance. Operational profit is expected to come in at 50 million euros, a slight decrease on 2012.
Spring 2014 will see the launch of two fragrances under the Karl Lagerfeld brand. Interparfums will announce its end of year results on March 12, 2013.
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