2006 - Interparfums

More documents

Recommendations

Info

2006Fiscal 2006 was an excellent year for Inter Parfums, representing another benchmark in its development. 2006 annual report inter parfums letter to our shareholders “ We met targets with another year of double-digit growth (+11%) to achieve sales of €216.2 million. All our major brands contributed to this performance. As a result, operating income totaled €29.2 million and net income €18.7 million accompanied by a net margin of 8.6%. Burberry fragrances pursued their expansion with the launch of a fifth major line, Burberry London. Sales rose in consequence 10% over 2005 to €144.8 million (+20% excluding the discontinued Burberry Brit Red line). Lanvin fragrances, the portfolio’s second top-selling brand, exceeded targets with sales of €35 million (+19%) fueled by strong gains of the Eclat d’Arpège line and a successful launch of the Rumeur line. Paul Smith also surpassed expectations with sales of €17.7 million (+22%) boosted by renewed growth of the Paul Smith and Paul Smith Extrême lines and the international launch of the Paul Smith Story line. Finally, the Nickel cosmetics division pursued its development in France and expanded its distribution base in other markets. In conjunction with the launch of a significant number of new lines, we continued to focus on developing additional growth drivers. This year
these included the signature of two major license agreements with: ■ the Quiksilver Group, the world's leading outdoor sports lifestyle company, for the Roxy and Quiksilver brands; ■ the Van Cleef & Arpels fine jewelry brand. With a portfolio of premium brands and a diverse range of target customer segments, prospects should be just as promising for 2007. Several initiatives that should to contribute to maintaining these positive trends include: ■ the creation of four European distribution companies (Germany, Spain, Italy, United Kingdom); ■ the launch of the first women's line under the Roxy Brand; ■ the repositioning of the Van Cleef & Arpels brand to be focused around the three major existing lines and the preparation of a new women's line. Our expansion has also benefited from the quality recruitments carried out in the last two years letter toour shareholders that have strengthened and expanded the expertise of our teams. Our corporate culture, with its emphasis on the value of people, brands and products, provides the basis for a highly efficient organization. This alchemy based on achieving just the right balance between commitment, motivation, a convivial team spirit and the pleasures of working towards common objectives is undoubtedly one of the key factors of our successes today and in the future. We are confident in consequence about both prospects for 2007 and achieving sales of €300 million by 2009. We will also continue to explore opportunities for further growth that may be offered by additional strategic acquisitions. philippe benacin jean madar 03
Page 3: another major step forward contents
Page 9 and 10: 51.7 non- current assets 127.5 curr
Page 11: Since it was listed on the EuroNext
Page 15 and 16: Fiscal 2006 represented another maj
Page 17 and 18: P H Y A portfolio of prestigious in
Page 19: The creation and marketing of each
Page 22 and 23: 2006 annual report inter parfums bu
Page 24 and 25: 2006 annual report inter parfums la
Page 26 and 27: Éclat d’Arpège 2002 2006 annual
Page 28 and 29: 2006 annual report inter parfums pa
Page 30 and 31: 2006 annual report inter parfums s.
Page 32 and 33: 2006 annual report inter parfums ch
Page 34 and 35: 2006 annual report inter parfums ni
Page 36 and 37: 2006 was a banner year for Burberry
Page 38 and 39: international markets accounting fo
Page 40 and 41: T H E M A R K E T new growthin thes
Page 42 and 43: sustainable development social resp
Page 44 and 45: OPERATING ORGANIZATION AT MARCH 1,
Page 47 and 48: team spirit, motivation and commitm
Page 49 and 50: to hedge its exposure from operatio
Page 51 and 52: 1. corporate governance Inter Parfu
Page 53 and 54: 2. management committee Mission The
Page 55 and 56:
The system of monthly reporting imp
Page 57 and 58:
control to obtain a description of
Page 59 and 60:
Directors’ fees Directors fees ar
Page 61 and 62:
2. Information on options granted t
Page 63 and 64:
CONSOLIDATED INCOME STATEMENT In
Page 65 and 66:
Shareholders’ equity and liabilit
Page 67 and 68:
STATEMENT OF CASH FLOWS In € thou
Page 69 and 70:
1. accounting principles 1.1 Genera
Page 71 and 72:
At the end of every year, these sta
Page 73 and 74:
3. notes to the balance sheet 3.1 T
Page 75 and 76:
3.7 Marketable securities and fixed
Page 77 and 78:
3.12 Deferred tax Deferred taxes ar
Page 79 and 80:
4.4 Administrative expenses In €
Page 82 and 83:
shareholder information statutory I
Page 84 and 85:
2. capital stock 1. Three-year hist
Page 86 and 87:
3. resolutions submitted to the com
Page 88 and 89:
The purpose of this authorization i
Page 90 and 91:
- charge all costs to paid-in capit
Page 92:
completion of the capital reduction
Page 95 and 96:
1. Auditors The statutory auditors
show all

2006 - Interparfums

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?