In an economic environment that remains highly competitive, fiscal 2007 provided many grounds for satisfaction:
- Despite the absence of major launches in the period, Burberry fragrances pursued their expansion as all the lines continued to perform well;
- Lanvin fragrances remained on target with the Eclat d'Arpège line, up by more than 25%;
- After mixed growth in the first half, good performances by the Paul Smith Extrême line and the fall launch of Paul Smith Rose, the new women's fragrance, fueled satisfactory gains by Paul Smith fragrances;
- The launch of the first line under the Roxy brand is expected to generate initial sales of €7 million in the period.

These achievements were nevertheless impacted by three adverse market trends:
- The unfavourable euro/dollar exchange rate;
- A very low level of inventories for Van Cleef & Arpels fragrances until the fall;
- The slower than expected start up of our four European distribution subsidiaries, particularly in the United Kingdom.

On this basis, annual sales for fiscal 2007 are expected to be in the range of €235 million to €240 million and net profit around €19 million representing a net margin of approximately 8%.

• A strong pipeline for future growth in 2008

Given the several major launches scheduled in the year ahead notably under the Burberry, Lanvin, Van Cleef & Arpels and Quiksilver brands, growth prospects for 2008 are particularly promising.

On the basis of the current euro/dollar exchange rate, the Company announces targets for sales of €260 million around or growth of 10% (12% at current exchange rates) over fiscal 2007 with margins expected to remain at comparable levels.

• Prospects

The Company remains confident in its capacity to generate sustained profitable growth and will continue to explore acquisition opportunities in line with its strategy of strengthening its portfolio of brands.

Paris, November 28, 2007

http://www.inter-parfums.fr

Shareholder information +33 1 53 77 00 99