Inter Parfums announces 15% rise in Q3 sales results
18 Oct '05
2 min read
Inter Parfums Inc announced that 2005 third quarter net sales were $77.2 million, up 15 percent as compared to $67.1 million in the third quarter of last year. For the nine months ended September 30, 2005, net sales reached $210.0 million, a 22 percent increase as compared to the corresponding period of the prior year.
There were no discernable effects of changes in foreign currency exchange rates for the current third quarter and nine month periods. Inter Parfums plans to release operating results for the 2005 third quarter during the week of November 7, 2005.
Jean Madar, Chairman & CEO of Inter Parfums noted, "Third quarter Burberry fragrance sales continued to grow despite the high threshold set in the comparable period due to the launch of Burberry Brit for Men. Lanvin product sales, which commenced in July 2004, were also ahead of last year's third quarter driven by solid gains from the Eclat d'Arpege line.
To a lesser extent, the debut of Christian Lacroix Tumulte mid-quarter and the geographic rollout of Celine Fever also contributed to their sales growth. For the fourth quarter, Burberry Brit Gold, a limited distribution fragrance is debuting for the holiday season. They are also looking forward to their first Lanvin fragrance launch Arpege Pour Homme.'
Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Diane von Furstenberg and Lanvin. The Company also has controlling interest in Nickel S.A., a men's skin care company. In addition, Inter Parfums is a leading producer and supplier of mass market fragrances, cosmetics and personal care products. The Company's products are sold in over 120 countries worldwide.