The Paris financial markets have responded appreciatively to the 2007 performance of Inter Parfums whose share price rose 8% to €27 after announcing an 8% increase in net profits to €20.2m. Sales went up 12% to €242m. Operating profits rose by 9% to €31.8m while operating margin reached 13.1% compared with a target of 12.6%. Inter said it expected sales to increase by about 10% through 2008 helped by the launch of new perfumes in the Burberry, Lanvin and Van Cleef & Arpels brand. Operating and net profits are expected to increase in line with sales.
Inter Parfums confident of an even more successful 2008
The Paris financial markets have responded appreciatively to the 2007 performance of Inter Parfums whose share price rose 8% to €27 after announcing an 8% increase in net profits to €20.2m. Sales went up 12% to €242m. Operating profits rose by 9% to €31.8m while operating margin reached 13.1% compared with a target of 12.6%. Inter said it expected sales to increase by about 10% through 2008 helped by the launch of new perfumes in the Burberry, Lanvin and Van Cleef & Arpels brand. Operating and net profits are expected to increase in line with sales.
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