AI assistant
Interparfums — Earnings Release 2016
Apr 22, 2016
1445_10-q_2016-04-22_8b0200ff-d901-45da-8550-22709f9f0bd0.pdf
Earnings Release
Open in viewerOpens in your device viewer
interparfums
2016 first-quarter sales €84m (+8,5%)
Paris, April 22, 2016
Consolidated first-quarter sales reached €83.7 million, up 8.5% at current exchange rates and 7.3% at constant exchange rates from the same period in 2015. Against a backdrop of continuing global economic instability, Interparfums showed solid growth, driven in particular by momentum from Montblanc fragrances, Jimmy Choo fragrances' steady expansion and Rochas fraarances' intearation.
| $(\epsilon m)$ | Q1 2015 | Q1 2016 | 16/15 |
|---|---|---|---|
| Montblanc | 24.0 | 31.8 | $+32%$ |
| Jimmy Choo | 19.2 | 19.5 | $+1%$ |
| Lanvin | 14.5 | 11.1 | $-24%$ |
| Rochas | 5.8 | na | |
| Boucheron | 4.8 | 4.0 | $-16%$ |
| Van Cleef & Arpels | 4.6 | 3.8 | $-17%$ |
| Paul Smith | 1.7 | 2.5 | $+38%$ |
| Other brands | 8.4 | 4.7 | ns |
| Fragrance sales | 77.2 | 83.2 | $+7.9%$ |
| Rochas fashion royalties | 0.5 | na | |
| Total net sales | 77.2 | 83.7 | $+8.5%$ |
Highlights by brand
■ With more than €30 million in revenue for the quarter, up 32% from last year's same period, Montblanc fragrances registered further gains, and were bolstered by the promising launch of Montblanc Legend Spirit that is expected to provide the brand with a new growth pillar;
After growth of more than 50% in the 2015 first quarter driven by the success of the Jimmy Choo Man line and the launch of the Jimmy Choo Blossom line, Jimmy Choo fragrances consolidated their positions in the 2016 first quarter through the continuing roll-out of Jimmy Choo Illicit, the third women's line launched in fall 2015;
Adversely affected by economic slowdowns in its two flagship markets of Russia and China, Lanvin fragrances sales contracted, pending the upcoming launch of a new women's line in the fall;
■ Rochas fragrances had nearly €6 million in sales in the quarter, confirming the solid foundations established in Spain and France largely based on the Eau de Rochas and Rochas Man lines.
Highlights by region
With the continuing strength of the Montblanc Legend and Jimmy Choo Man lines, both ranking among the top 15 men's fragrances, North America continued the trend of 2015 (+14%), driven by the sellin performances of the Montblanc Legend Spirit and Jimmy Choo Illicit lines;
Vestern Europe (+36%) and France (+26%) benefited Rochas fragrances' integration;
Reflecting the impact of regional economic and geopolitical instability, sales were significantly down in Eastern Europe, South America and the Middle East.
Outlook
Based on the first quarter's performance, Interparfums is on track to meet guidance for annual revenue of €340 million in 2016.
Upcoming events
Publication of 2016 2nd quarter sales July 26, 2016 (before the opening of Euronext Paris)
Investor Relations and Analysts Contact
Philippe Santi Executive Vice President [email protected]
Press Contact
Cyril Levy-Pey Communication Director [email protected]
Shareholder information
+33 1 53 77 00 99
Visit us on interparfums.fr
ISIN: FR0004024222-ITP Reuters : IPAR.PA
Bloomberg : ITP
Indices : CAC Mid & Small / CAC PME /
CAC PME /
EnterNext PEA-PME 150 Eligible for PEA PME savings vehicles