Management is projecting 2007 net sales of approximately $365 million, or about 19% ahead of 2006's mid-range guidance of $305.5 million. Net income for 2007 is expected to approximate $20.4 million or $1.00 per diluted share.
This represents a 21% improvement over management's 2006 net income guidance of $16.9 million and a 20% gain compared to the expected $0.83 per diluted share for 2006. Inter Parfums has again advised that its guidance assumes the dollar remains at current levels.
Jean Madar, Chairman and CEO of Inter Parfums, noted, "The coming year is slated to be an important one for top and bottom line growth. In 2007, we will be consolidating sales of Van Cleef & Arpels fragrance, the latest addition to our brand portfolio."
"We have new Christian Lacroix and S.T. Dupont women's fragrances scheduled for a spring launch, followed in the fall by new women's fragrances for Paul Smith and Roxy, our first under the brand. With respect to U.S. operations, the big news is the initial line of fragrance and personal care products for Gap stores in North America."
marketing@alchempro.com
