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Inter Parfums, Inc. Reports Record Sales In 2012

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that 2012 net sales rose 6.3% to a record $654.1 million, ahead of previous guidance of $632.0 million due to better than expected fourth quarter sales. At comparable foreign currency exchange rates, 2012 net sales increased 9.4%. Net sales for the fourth quarter of 2012 were approximately $176.9 million, a 6.4% decrease from $189.1 million in the fourth quarter of 2011, a period of unprecedented product launches. At comparable foreign currency exchange rates, fourth quarter net sales declined 7.7%. Inter Parfums plans to issue its results for the fourth quarter and year ended December 31, 2012 on March 12, 2013.

 

Three months ended December 31,

 

Year Ended December 31,

2012   2011   % Change 2012   2011   % Change
($ in millions)
 
European-based product sales $

152.4

 

$

169.6

 

(10.1 )% $

571.8

 

$

552.4

 

3.5 %
United States-based product sales   24.5     19.5   25.9 %   82.3     62.8   31.1 %
$ 176.9   $ 189.1   (6.4 )% $ 654.1   $ 615.2   6.3 %

** Percentage changes of sales by brand and regions noted below refer to local currency

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