Inter Parfums, Inc. announced record results for the fourth quarter and year that ended Dec. 31, 2007. For the fourth quarter, net sales rose 32% to $119.4 million. Sales by European-based operations were $96.6 million, up 37%, while U.S.-based operations generated $22.8 million in sales, up 15% from 2006.

Gross margin rose to 58% from 54% due to the operations of the company’s majority-owned distribution subsidiaries and higher margins generated by U.S. based specialty retail products; while operating margin was 14%—up from 12% in 2006. Net income rose 57% to $8.6 million.

For the year as a whole, Inter Parfums reported record net sales of $389.6 million—up 21% from 2006. At comparable foreign currency exchange rates, net sales for 2007 were up 15%. European based sales rose to $330.8 million, up 22% year over year and represented 85% of consolidated sales. The 15% increase in U.S. based sales, which approximated $58.8 million, was due to Inter Parfums’ specialty retail business with Gap, Banana Republic and New York & Company. Net income increased 34% to $23.8 million.