Cosmetics firm Inter Parfums Inc announced that 2006 second quarter net sales were $70.3 million, up 15 percent as compared to $61.3 million in the second quarter of last year. At comparable foreign currency exchange rates, net sales for the second quarter were up 16 percent.
As such, first half 2006 net sales of $141.2 million are running 7 percent ahead of 2005; at comparable foreign currency exchange rates, net sales for the first half of 2006 are up 10 percent. Inter Parfums plans to release operating results for the 2006 second quarter on or about August 9, 2006.
Jean Madar, Chairman & CEO of Inter Parfums noted, “We experienced sales growth across our six largest prestige brands. First half Burberry sales were approximately $85 million, an increase of 12 percent from the 2005 period. The successful Burberry London launch was slightly offset by a marginal decline in existing lines.
Paul Smith fragrances also performed well, in particular the original Paul Smith and Paul Smith Extrême lines, introduced in 2000 and 2002, respectively, as well as the Paul Smith Floral line which launched at the end of 2005. Overall prestige sales growth remained especially strong in the United States and Europe, our two largest markets.”
He continued, “Our first new Nickel men's fragrance, Eau Maximum, has further enhanced Nickel's brand position in France. After the opening of a licensed Nickel Spa in London in spring 2006, similar initiativesfor Berlin, Dubai and Moscow are currently under consideration. We have high expectations for the new launches for our three largest prestige brands, Burberry, Lanvin and Paul Smith, scheduled for later this year.”
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
