2006 - Interparfums

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2. capital stock 1. Three-year history of capital stock transactions Year Transaction type Number Shares Total Capital of shares created shares stock (in €) 2004 Exercise of 1997 stock options 4,039 4,039 4,276,237 12,828,711 Exercise of 1998 stock options 41,297 41,297 4,317,534 12,952,602 Exercise of 1999 stock options 127,017 127,017 4,444,551 13,333,653 Bonus issue 4,282,535 4 282,535 8,727,086 26,181,258 2005 Exercise of 1998 stock options 11,402 11,402 8,738,488 26,215,464 Exercise of 1999 stock options 29,590 29,590 8,768,078 26,304,234 Exercise of 2000 stock options 57,118 57,118 8,825,196 26,475,588 Exercise of 2001 stock options 33,575 33,575 8,858,771 26,576,313 Bonus issue 875,888 875,888 9,734,659 29,203,977 2006 Exercise of 1999 stock options 28,758 28,758 9,763,417 29,290,251 Exercise of 2000 stock options 39,559 39,559 9,802,976 29,408,928 Exercise of 2001 stock options 43,795 43,795 9,846,771 29,540,313 Exercise of 2002 stock options 55,486 55,486 9,902,257 29,706,771 Exercise of 2003 stock options 484 484 9,902,741 29,708,223 Exercise of 2004 stock options 704 704 9,903,445 29,710,335 Exercise of 2005 stock options 363 363 9,903,808 29,711,424 Exercise of 2006 stock options 330 330 9,904,138 29,712,414 Bonus issue 976,942 976,942 10,881,080 32,643,240 As of December 31, 2006, Inter Parfums’ capital was composed of 10,881,080 shares with a par value of €3. 2. Ownership of Inter Parfums capital stock and voting rights 2.1 Situation at February 28, 2007 Shares % of Voting % of voting held capital rights rights Inter Parfums Holding S.A. 7,779,926 71.14% 15,559,852 83.21% French Investors 1,482,651 13.56% 1,482,651 7.93% Foreign Investors 542,212 4.96% 542,212 2.90% Individuals 1,111,542 10.17% 1,115,760 5.96% Treasury shares 19,580 0.17% - - Total 10,935,911 100.00% 18,700,475 100.00% A survey of shareholder ownership identified 7,530 shareholders at February 28, 2007, up nearly 40% in one year. Excluding Inter Parfums Holding, ownership breaks down as follows: ■ 170 French investors and mutual funds owning 13.6% of the capital stock compared with 129 in 2005 owning 15.6%, ■ 60 foreign investors, located mainly in the U.K., Switzerland, the U.S. and Luxembourg, who own 5% of the capital stock compared with 56 in 2005 with 2.1%, ■ 7,300 individuals owning 10.1% of the capital stock compared with 5,240 in 2005 owning 8.3%. To the Company’s knowledge, there are no other shareholders that possess directly, indirectly or together, 5% or more of the capital or voting rights. 2.2 Changes in Inter Parfums Holding’s ownership over four years 31/12/03 31/12/04 12/31/05 12/31/06 Inter Parfums Holding 75.00% 73.84% 72.71% 71.56% Investors. free float and employees 25.00% 26.16% 27.29% 28.44% Total 100.00% 100.00% 100.00% 100.00% 2006 annual report inter parfums shareholder information
3. Breakdown of Inter Parfums Holding’s capital stock as of December 31, 2006 Inter Parfums Holding, whose sole equity holding is Inter Parfums, is itself wholly owned by Inter Parfums Inc., listed on NASDAQ in the United States with approximately 1,750 shareholders. As of December 31, 2006 it had the following ownership structure: ■ Philippe Benacin and Jean Madar: 55.59% ■ Free float: 44.41% 4. Key stock market data In number of shares and euros 2002 2003 2004 2005 2006 Shares outstanding as of December 31 3,799,490 4,272,198 8,727,086 9,734,659 10,881,080 Market capitalization as of December 31 152 M 278 M 233 M 334 M 386 M High (1) 61.82 66.50 67.30 35.10 41.88 Low (1) 29.00 27.27 25.15 26.65 31.52 Average (1) 45.13 44.68 29.12 31.20 35.25 Year-end 40.00 65.00 26.79 34.29 35.43 Average daily volume (1) 1,200 2,260 4,570 8,093 7,785 Earnings per share (1) 2.43 3.11 3.00 1.82 1.79 Dividend per share (1) 0.42 0.60 0.37 0.37 0.38 Average number of shares outstanding 3,642,789 4,055,210 5,174,465 8,968,569 10,421,965 (1) Historical data (not restated for bonus issues in 2002, 2003, 2004, 2005 and 2006). 5. Share price Since January 2, 1998, Inter Parfums shares (ISIN code FR0004024222-ITP) listed in the EuroNext Paris in continuous trading, joined compartment B of Eurolist (for companies with a market capitalization between €150 million and €1 billion) in February 2005. After particularly strong gains in 2005 (+41%), the Inter Parfums share pursued an upward trend in 2006 following the announcement of the license agreement with Quiksilver, that was accompanied by significant trading volume. The share price was subsequently adversely affected by the downturn in financial markets in the month of May, particularly in the segment of MidCaps, falling back to the levels of the beginning of the year. On June 15, 2006, the company proceeded with a new bonus share issue of one new share for each 10 shares held. The publication in September of first-half sales that surpassed market expectations, followed by the announcement of the license agreement in October with the Van Cleef & Arpels jewelry house reversed this trend. As a result, the share ended the year at €35.4 with a market capitalization of €380 million. 83
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these included the signature of two
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51.7 non- current assets 127.5 curr
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Since it was listed on the EuroNext
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Fiscal 2006 represented another maj
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P H Y A portfolio of prestigious in
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The creation and marketing of each
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2006 annual report inter parfums bu
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2006 annual report inter parfums la
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Éclat d’Arpège 2002 2006 annual
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2006 annual report inter parfums pa
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2006 annual report inter parfums s.
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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 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
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