Inter Parfums
This article was originally published in The Rose Sheet
Executive Summary
Net sales in Q4 were $65.5 mil., representing growth of about 3%, or 9% at comparable foreign currency exchange rates, Inter Parfums announces Jan. 17. For the year, net revenues were up 16% to $273.4 mil. At comparable foreign currency exchange rates, sales increased nearly 17%, company adds. Inter Parfums also affirms 2006 guidance, with net sales expected to grow 10% to approximately $301 mil., and net income projected to rise 16% to $16.9 mil. Company notes guidance assumes the dollar remains at current levels. Growth in the year will stem largely from "ambitious" product launch initiatives (1"The Rose Sheet" May 16, 2005, p. 5). Inter Parfums will release operating results for the 2005 fourth quarter around March 7...