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Interparfums — Earnings Release 2009
Oct 22, 2009
1445_iss_2009-10-22_cab0386d-4947-4562-86e2-317f076a6e14.pdf
Earnings Release
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2009 third-quarter sales: €73 million
Robust third-quarter performance
Despite a high basis of comparison in relation to the 2008 third quarter (launches of the lines Féerie of Van Cleef & Arpels, Passenger of S.T. Dupont and Jeanne Lanvin), consolidated sales for this year's third-quarter remained steady at €72.8 million. This result, in the current environment, reflects mainly:
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Strong growth (+19%) of Burberry fragrances on gains by all the brand's historic lines, the resilience of the Burberry the Beat line and the continued rollout of the Burberry the Beat for men line;
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Good performances overall in key markets, notably Western Europe (+5% despite continued sluggishness in the UK and Spanish markets) and the United States;
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A favourable currency effect and the positive impact of foreign exchange hedges.
For the first nine months of 2009, consolidated sales totalled €194 million, declining slightly 3.5% at current exchange rates and 8.9% at constant exchange rates in relation to the equivalent prior-year period.
Over the period, Burberry fragrances contracted marginally 1.7% on sales of €125.7 million.
Jimmy Choo license agreement
As announced in early October, Jimmy Choo and Inter Parfums signed a 12-year worldwide licence agreement commencing on January 1, 2010 for the creation, development and distribution of fragrances under the Jimmy Choo brand.
A satisfactory year-end
Efforts in the coming weeks will focus primarily on launches of the lines Paul Smith Man and Collection Extraordinaire of Van Cleef & Arpels and the finalization of several launches programmed for the following year.
Based on positive trends for orders in recent weeks, the company still anticipates a marginal decline in 2009 full-year sales in relation to the prior year.
EURONEXT
Paris, October 22, 2009
| Upcoming events | Actionaria tradeshow, Paris | Publication of 2010 forecasts | |
|---|---|---|---|
| November 20 & 21, 2009 | November 23, 2009 (after the close of trading) | ||
| 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 6 08 46 41 41 [email protected] |
ITP LISTED NYSE |
www.inter-parfums.fr Codes: Reuters IPAR.PA - Bloomberg ITP - ISIN FR0004024222-ITP Index: CAC Small 90, SBF 250