Fragrance company Inter Parfums has reported net sales of $1.32 billion for the full year ended December 31, up 21 per cent versus the previous year.
Chairman and CEO Jean Madar said the performance was better than expected, surpassing the guidance of $1.3 billion. Compared to 2019, full-year sales were up 85 per cent.
US based product sales jumped 33 per cent from $343 million last year to $456 million, led by the 205 per cent increase of Donna Karan/DKNY. Guess and Ferragamo also achieved sales improvements of over 20 per cent.
European based operations saw sales grow by 16 per cent, led by the Coach, Jimmy Choo and Montblanc brands.
“Our stimulating pipeline of innovative products across our portfolio of brands, now inclusive of Lacoste and Roberto Cavalli, a fully operational Italian affiliate in Florence, Italy, and our dynamic positioning within the industry, strengthen our confidence in gaining further market share in the years ahead and deliver another record year in 2024,” Madar stated.
Established in 1982, Inter Parfums produces and distributes prestige fragrance and fragrance-related products under license agreements with brand owners. Products from the company’s diverse portfolio of brands are now distributed in more than 120 countries.
