Perfume maker Inter Parfums Inc, which will lose its Burberry license at the end of the year, maintained its full-year forecast and outlined plans to revamp its business in 2013.

Photo: Inter Parfums

The company said it will expand existing brands into new markets and add new brands either on its own or as a licensee. It expects to begin 2013 with about $250 million in cash and shareholders' equity of about $375 million.

British luxury brand Burberry last month said it will end its partnership with Inter Parfums' Paris-based unit at the end of this year to pursue more profitable options.

In a statement, CEO Jean Madar said Inter Parfums had planned for the eventuality. The company will be launching Montblanc Legend fragrance for women and a Lanvin brand extension called Jeanne Lanvin Couture in Europe this year, he said.

Inter Parfums said 2013 net sales could reach about $400 million with operating margin of more than 10 percent.

The company also reported a second-quarter profit in line with a nalysts' expectations.

Second-quarter profit rose to $6.0 million, or 20 cents per share, from $5.0 million, or 16 cents per share, a year earlier.

Revenue rose 20 percent to $145.6 million.

Analysts on average had expected earnings of 20 cents per share on revenue of $145.5 million.

For 2012, the company continues to expect earnings of $1.17 per share on revenue of $632.0 million.

Analysts on average are expecting earnings of $1.19 on revenue of $637.1 million, according to Thomson Reuters I/B/E/S.

Inter Parfums shares, which have risen 9 percent this year, closed at $17.11 o n Wednesday on the Nasdaq.