January 26, 2010 / 6:47 PM / 8 years ago

Inter Parfums sees sales growth resuming in 2010

* Inter Parfums sees 2010 sales up 7 pct

* Says 2009 sales down 2 pct vs 2008

PARIS, Jan 26 (Reuters) - Inter Parfums (IPAR.PA), the French maker of perfumes for Burberry, Lanvin and Van Cleef & Arpels, on Tuesday forecast 2010 sales to rise 7 percent after a a smaller fall last year than it had forecast.

The company, which makes perfumes under licence, said it hoped to introduce a make-up line by the summer and launch new perfumes for several of its top brands this year.

Inter Parfums saw total revenue fall 2 percent to 259.2 million euros in 2009, with the biggest drop coming from Paul Smith, down 5 percent, hit by the weakness of the British pound.

Lanvin emerged as the most resilient brand, posting a 4 percent rise in perfume sales for 2009.

Inter Parfums, which signed a deal last week to make perfumes for Richemont’s CFR.VX luxury pen maker Montblanc, said it expected its operating margin for 2009 to be above 12 percent after reaching 12.9 percent in 2008.

Cash flow for last year should reach 40-50 million euros thanks to improved accounts receivables and stock depletions, it added. (Reporting by Pascale Denis and Astrid Wendlandt)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below