Inter Parfums Inc. (IPAR) reported that its first-quarter consolidated first-quarter sales reached 147.9 million euros, up 33.4% at current exchange rates and 34.5% at constant exchange rates from the same period in 2012, driven by strong demand for all the portfolio's current brands and in particular Lanvin, Jimmy Choo and Montblanc, and higher-than-expected sales for the Burberry brand's last quarter within the Group.
Like-for-like sales, excluding Burberry, for the quarter came to 64.8 million euros, up 14.6% and in line with initial forecasts.
Burberry fragrances sales growth for the quarter was 53% at 83 million euros. Lanvin fragrances had sales of 18.4 million euros, up 17% on continuing growth by the Eclat d'Arpège, line, a steady performance by the Jeanne Lanvin line and the launch of the Lanvin Me line.
Jimmy Choo fragrances' sales growth for the quarter was 49% at 17.6 million euros.
Revenue for the 2013 full-year is expected to exceed 300 million euros.
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