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Interparfums Earnings Release 2012

Apr 27, 2012

1445_iss_2012-04-27_1b8d4dae-3888-480c-9ba8-36d1f0fe5176.pdf

Earnings Release

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Strong growth in 2012 1st quarter Sales: €111m (+25%)

Interparfums had another quarter of strong growth for the first three months of 2012 with consolidated sales of €110.8 million like-for-like, up 24.6% at current exchange rates and 22% at constant exchange rates from the same period in 2011.

This performance reflects strong momentum by the portfolio's main brands that included very high and stronger-than- expected demand for Jimmy Choo and Montblanc fragrances.


millions
Q1 2011 Q1 2012 2012/2011
Burberry 48.7 54.3 +12%
Lanvin 14.0 15.7 +12%
Jimmy
Choo
7.0 11.8 +68%
Montblanc 6.2 11.0 +77%
Van
Cleef
&
Arpels
5.2 5.2 -
Boucheron - 4.2 n
a
S.T.
Dupont
3.2 3.6 +12%
Paul
Smith
3.6 2.8 -22%
Nine
West
- 1.7 n
a
Nickel 0.6 0.6 -
Other 0.4 - n
s
Total 88.9 110.8 +25%

ns: not significant; na: not applicable.

Highlights by brand

n Burberry fragrances registered further growth (+12%) from strong gains by the brand's well-established lines and the rollout of the new Burberry Body line, launched at the end of 2011, although impacted by lower sales from the Burberry Sport line in the period;

n Lanvin fragrances once again achieved double-digit growth with sales of more than €15 million, from continuing gains by the Éclat d'Arpège line and steady performances by the Jeanne Lanvin and Marry Me! lines;

n The forward momentum that began in 2011 with the Jimmy Choo Eau de Parfum continued in 2012 with the Eau de Toilette. As a result, Jimmy Choo fragrances registered particularly robust expansion (+68%) with sales of nearly €12 million for the quarter;

n Montblanc fragrances also delivered high growth (+77%), with sales of €11 million from the continuing success of the Montblanc Legend line launched last year;

n In a year without major launches, Van Cleef & Arpels fragrances showed resilience with sales of €5 million, steady in relation to the 2011 first-quarter;

n The gradual repositioning of Boucheron fragrances in points of sale and a first initiative with the Jaipur line generated more than €4 million in revenue for the quarter.

Highlights by region

n In an active market, sales in North America rose sharply (+68%) in response to commercial efforts by the US subsidiary, Interparfums Luxury Brands (that since January 1, 2012 has also been distributing Nine West fragrances on behalf of Interparfums Inc.);

n Continuing gains were also achieved in Asia and France (up 22% and 15% respectively);

n Western Europe (20% of total revenue) is holding its ground in a difficult economic environment;

n A significant rise in volume sales for all brands combined with a favorable comparison base has set the stage for a return to high-growth in the Middle East (+35%).

Burberry license agreement

Discussions are being actively pursued with Burberry on the creation of an operating structure for the fragrance and beauty business.

EURONEXT

Paris, April 27, 2012

Upcoming events Publication of 2012 2nd quarter sales
July 24, 2012 (before the opening of the NYSE-Euronext Paris stock exchange)
Shareholder information
Tel.: +33 1 53 77 00 99
Interparfums Investor Relations and Analysts Contact
Philippe Santi at +33 (0)1 53 77 00 00
[email protected]
Media contact - Watchowah Consulting
Cyril Levy-Pey at +33 (0)6 08 46 41 41
[email protected]
ITP
LISTED
NYSE

www.interparfums.fr Codes: Reuters IPAR.PA, Bloomberg ITP, ISIN FR0004024222-ITP Indices: CAC Mid & Small