Inter Parfums, Inc. has announced that 2012 net sales rose 6.3% to a record $654.1 million, ahead of previous guidance of $632.0 million, due to better than expected fourth quarter sales. At comparable foreign currency exchange rates, 2012 net sales increased 9.4%.
Net sales for the fourth quarter of 2012 were approximately $176.9 million, a 6.4% decrease from $189.1 million in the fourth quarter of 2011, a period of unprecedented product launches. At comparable foreign currency exchange rates, fourth quarter net sales declined 7.7%.
Jean Madar, Chairman / CEO, Inter Parfums noted, “Several of the major ongoing brands in our portfolio performed exceptionally well in the fourth quarter and for the full year, primarily due to sales momentum within existing lines."
Mader continued, "In 2012, Lanvin sales ran 5% ahead of 2011, due to the endurance of Eclat d’Arpège, with sales continuing to grow ten years after the fragrance was introduced. The increase in Lanvin brand sales also reflected the launch of the Jeanne Lanvin Couture line."
Montblanc sales have also been up 51% for the year. And, the Jimmy Choo signature fragrance line has done extremely well, achieving 36% full year sales growth over the scent’s debut year, according to Mader.
“For 2012, Burberry fragrance sales were up 6% with double-digit growth by the brand’s historic lines and the continuing success of the Burberry Body line, although impacted by lower sales from the Burberry Sport line," Mader continued to explain.
Mader also noted that S.T. Dupont fragrance sales rose 5%, and Boucheron has re-released its fragrance collections along with its first initiative, Jaipur Bracelet.