2008 sales
€265 million at current exchange rates (+9%)
€276 million at constant exchange rates (+14%)
2008: Sales on target
In 2008 the Group had consolidated sales of €264.9
million, up 9.4% at current exchange rates and 14.2%
at constant exchange rates over 2007.
Millions of euros |
2007 |
2008 |
08/07 |
Burberry |
152.9 |
169.0 |
+10% |
Lanvin |
33.3 |
39.0 |
+17% |
Van Cleef & Arpels |
11.9 |
21.0 |
+77% |
Paul Smith |
18.0 |
13.4 |
-25% |
S.T. Dupont |
11.1 |
11.5 |
+3% |
Quiksilver/Roxy |
6.6 |
7.4 |
+12% |
Nickel |
3.3 |
2.7 |
-19% |
Autres |
5.0 |
0.9 |
ns |
Total |
242.1 |
264.9 |
+9.4% |
Highlights by brand
• Burberry fragrances continued to expand with annual sales of nearly
€170 million, up 10.5% at current exchange rates and 16.3% at constant exchange rates, driven by the successful worldwide launch of the new women's fragrance Burberry The Beat and the strength of the brand’s existing lines;
• With sales advancing 17% to €39 million, Lanvin fragrances significantly exceeded the year’s initial targets through steady performances by the Eclat d’Arpège line in the second half and the launches of the Rumeur 2 Rose line in the spring and the Jeanne Lanvin line in the fall;
• Van Cleef & Arpels fragrances also achieved excellent results with sales of €21 million, up 77% over 2007 in response to the solid performances by the First line and the launch of the new women's fragrance line, Féerie.
Highlights by region
• In a difficult market, launches of the Burberry The Beat,
Jeanne Lanvin and Féerie lines contributed to good
performances in France (+17%);
• Western Europe (excluding France) remained stable in
light of the challenging conditions in the UK and Spain;
• The Middle East and Eastern Europe grew 30% and
28% respectively;
• North America grew 11% in volume (2% in value in
light of the US dollar’s weakness) despite the severity
of the economic downturn in this region.
2008 annual results to be published on March 9, 2009
are expected to be in line overall with the most recent
guidance.
2009: Reduced visibility for the
beginning of the year
Given the slowdown in orders and a decline in sales
experienced by distributors and retailers in the last two
months, the company is cautious about the outlook
for the year ahead.
Reflecting the combined impact of an unfavourable
comparison base (from the very successful initial
launch of the Burberry The Beat line in early 2008)
and the current market environment, 2009 first
quarter sales will significantly contract in relation to
last year's first quarter. However, as this decline has
already been factored into the annual budget, it does
not modify targets for 2009.
The Company thus remains confident in the future,
with its strategy based on a flexible and proactive business
model, a high-quality portfolio of premium brands,
a particularly solid balance sheet and exploring new
opportunities for external growth.
Paris, January 22, 2009
| Upcoming events | Publication of 2008 results March 9, 2009 (after the close of trading) |
Publication of 2009
first-quarter sales April 23, 2009 (after the close of trading) |
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| Shareholder information Tel.: +33 1 53 77 00 99 |
Investor relations - Inter Parfums SA |
Media relations - RLPV Conseil Cyril Levy-Pey, tel.: +33 1 42 70 31 29 inter-parfums@rlpv.com |
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| www.inter-parfums.fr | Codes: Reuters IPAR.PA - Bloomberg ITP - ISIN FR0004024222-ITP Indices: CAC Small 90 - SBF 250 |
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