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Inter Parfums Eu Biz drives top line growth for 2008 guidance
26 Dec '07
3 min read
Inter Parfums Inc announced initial guidance for 2008. Management is projecting 2008 net sales of approximately $437 million, or about 15.6% ahead of 2007's guidance of $378 million. Net income for 2008 should approximate $24.1 million or $1.16 per diluted share.
This represents a 12% improvement over management's 2007 net income guidance of $21.5 million or $1.04 per diluted share. This guidance assumes the dollar remains at current levels, is based upon current operations and assumes that no further licensing or specialty retail agreements or brand acquisitions are consummated.
Jean Madar, Chairman and CEO of Inter Parfums, noted, "Our 2008 new product launch schedule for European-based operations is especially strong, driving top line growth for that part of our business. The launch of The Beat, the sixth Burberry fragrance family in March 2008 should lead the top line growth for European-based operations.
We also have high expectations for the other products in our new product pipeline including two more women's Roxy fragrances, Love and Heart, a Quiksilver fragrance for men, and a Quiksilver suncare collection, Van Cleef & Arpels and Lanvin fragrances for women, plus limited edition men's and women's fragrances for Paul Smith, and an S.T. Dupont fragrance line for both men and women."
He continued, "With regard to our U.S.-based operations, we have clearly shifted our focus away from the mass market to specialty retail, and we are extremely pleased and equally motivated by the successes we have achieved by our specialty retail initiative.
This represents a 12% improvement over management's 2007 net income guidance of $21.5 million or $1.04 per diluted share. This guidance assumes the dollar remains at current levels, is based upon current operations and assumes that no further licensing or specialty retail agreements or brand acquisitions are consummated.
Jean Madar, Chairman and CEO of Inter Parfums, noted, "Our 2008 new product launch schedule for European-based operations is especially strong, driving top line growth for that part of our business. The launch of The Beat, the sixth Burberry fragrance family in March 2008 should lead the top line growth for European-based operations.
We also have high expectations for the other products in our new product pipeline including two more women's Roxy fragrances, Love and Heart, a Quiksilver fragrance for men, and a Quiksilver suncare collection, Van Cleef & Arpels and Lanvin fragrances for women, plus limited edition men's and women's fragrances for Paul Smith, and an S.T. Dupont fragrance line for both men and women."
He continued, "With regard to our U.S.-based operations, we have clearly shifted our focus away from the mass market to specialty retail, and we are extremely pleased and equally motivated by the successes we have achieved by our specialty retail initiative.
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