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Interparfums — Earnings Release 2008
Nov 24, 2008
1445_rns_2008-11-24_fde95517-e4b8-43b0-bcd5-353f322cc663.pdf
Earnings Release
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Forecasts unchanged for 2008 Continued growth expected in 2009
2008: Forecasts unchanged
In a particularly difficult economic and foreign exchange environment, the year-end outlook for 2008 provides a number of reasons for satisfaction:
■ Burberry fragrances achieved good results driven by the successful worldwide launch of the new women's line Burberry The Beat and the strength of the brand's existing lines
■ Lanvin fragrances also performed well, particularly in the second half, with steady sales by Eclat d'Arpège and the launch of the Jeanne Lanvin line
■ Van Cleef & Arpels' sales largely exceeded forecasts in response to solid performances by the First line and the very successful launch of the Féerie line, the Group's first creation under this brand.
Based on very satisfactory sales for the fall season, the Group maintains its target for 2008 full-year sales of €260 million.
2009: Continued growth expected
Growth will be sustained by major launches in the coming year with a particular focus on men's fragrances:
■ Burberry The Beat for men
■ Lanvin L'Homme Sport, to be developed around the image of the world's number one tennis player, Rafael Nadal
- Paul Smith Man
- Quiksilver
Paris, November 24, 2008
Upcoming events:
■ Publication of 2008 annual sales: january 22, 2009 (after the close of trading)
■ Publication of 2008 annual results: march 9, 2009 (after the close of trading)
Philippe Benacin, President and Chief Executive Officer declared: "Reflecting mixed performances in the worldwide market for fragrances and cosmetics, we have set cautious sales growth targets for 2009 limited to 5% compared with 2008. We nevertheless possess significant competitive advantages for continued expansion in the years ahead: a high-quality portfolio of premium international brands, a long-term strategy based on both classic fragrances and new lines, recognized expertise and well-managed growth".
Philippe Santi, Executive Vice President added: "The Group has a particularly solid balance sheet with shareholders' equity of €150 million and marginal net debt of approximately €10 million. An additional strength to pursue potential acquisition opportunities."
Shareholder information Tel.: +33 1 53 77 00 99
Investor relations - Inter Parfums SA Philippe Santi, tel.: +33 1 53 77 00 00 [email protected]
Media relations - RLPV Conseil Cyril Levy-Pey, tel.: +33 1 42 70 31 29 [email protected]