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Inter Parfums Reports Q4 2010
Posted: January 25, 2011
Inter Parfums, Inc. announced that net sales for the fourth quarter of 2010 reached $112.5 million, down from $112.9 million in the fourth quarter of 2009. At comparable foreign currency exchange rates, net sales for the fourth quarter were actually up 6.0%. Thus, net sales for 2010 increased 12.4% to a record $460.4 million from $409.5 million in 2009.
“All of the major fragrance brands in our prestige portfolio contributed to the 12% increase in European-based sales," said Jean Madar, chairman and CEO, Inter Parfums. "Burberry fragrances had another year of growth driven by solid performances of top-selling lines (Burberry Brit and Burberry London), the launch of Burberry Sport and Burberry Beauty, the makeup line rolled out in summer 2010, in addition to significant gains by its well-established lines.
"Moreover, sales of our brands have been building across all regions of the world. 2010 sales in local currency in Asia rose 27%, the Middle East by 16%, Eastern Europe by 61% and South America by 42% compared to 2009. Even in our largest, most established markets there was significant year-over-year growth as sales in Western Europe and North America rose 12% and 9%, respectively, in local currency.”