2006 - Interparfums

THE OWNERSHIP STRUCTURE OF INTER PARFUMS INC.
BROKE DOWN AS FOLLOWS AT DECEMBER 31, 2006:
An extensive French distribution network
Jack Ayer’s staff of 34 handles the company’s distribution
strategy and management, contract negotiations and
monitors profit margins and advertising expenditures
in France.
Effective financial management
After its initial public offering on the Second Marché,
Inter Parfums developed an efficient reporting system
to regularly analyze financial performances and cash
management that allows the company to update its operating
and net income projections for the year in progress.
This system provides excellent visibility for company financials
and assures a high degree of responsiveness. Philippe Santi
heads a staff of 23 responsible for financial strategy and
communications, investor relations, accounting, budgets,
cost accounting, labor relations, tax and legal services,
cash management and collection.
Nickel
Philippe Benacin and Jean Madar Public
100%
INTER PARFUMS INC CONSOLIDATED FINANCIAL HIGHLIGHTS
In $ millions (1) 2002 2003 2004 2005 2006
Sales 130.3 185.6 236.0 273.5 321.1
Net income 9.4 13.8 15.7 15.3 17.7
Shareholders’ equity 80.9 104.9 126.5 127.8 155.3
Net cash 38.3 59.0 41.0 59.5 71.0
(1) 1 Euro = 1.3 USD at December 31, 2006
56%
A team of 12 employees headed by Philippe Dumont
is devoted to meeting specific needs of this brand in the
product development, marketing and spa management.
The French Distribution division manages the distribution
of products in France while the Luxe & Fashion handles
international distribution.
INTER PARFUMS INC
Nasdaq - New York
72%
INTER PARFUMS S.A.
Eurolist - EuroNext Paris
INTER PARFUMS TRADEMARK NICKEL S.A.
INTER PARFUMS GRAND PUBLIC
44%
28%
68% 100%
Inter Parfums and its subsidiaries
The consolidated Group is structured around two sales
companies — Inter Parfums for perfumes and Nickel
(68%-held) for skincare and Inter Parfums Trademark,
a brand management company.
Inter Parfums and its parent company
Founded in 1985, the U.S. company Inter Parfums Inc.
is listed on NASDAQ (see company organization chart)
and has business activities in two areas:
■ mass market perfumes aimed mainly at the U.S. consumer
market and developed by its wholly owned U.S. subsidiary,
Jean-Philippe Fragrances LLC,
■ prestige perfumes aimed at the global selective perfumes
market and developed by its French subsidiary, Inter Parfums
(72%-owned at December 31, 2006 via Inter Parfums Holding).
In the summer of 2005, the US company signed an exclusive
license agreement with Gap Inc to develop perfume
and cosmetics products under the Gap and Banana
Republic brands.
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