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Oriflame Cosmetics AB (0HG6)

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Thursday 23 April, 2009

Oriflame Cosmetics AB

Oriflame Cosmetics - First Quarter Report 2009





Interim report 1 January - 31 March 2009

Three months ended 31 March 2009

§  Local currency sales increased by 21% and Euro sales increased by
6%, to ¤341.3m (¤321.8m).
§  Average size of the sales force increased by 19%, to 3.1m
consultants and closing sales force was up by 25%.
§  EBITDA amounted to ¤43.3m (¤57.2m).
§  Operating margin was 11.1% (15.6%) resulting in an operating
profit of ¤37.9m (¤50.2m).
§  Net profit amounted to ¤24.2m (¤37.9m).
§  EPS after dilution amounted to ¤0.43 (¤0.67).
§  Cash flow from operating activities amounted to ¤12.6m (¤3.3).
§  Oriflame agreed a ¤130m three-year term loan and revolving credit
facility with its core banks
§  New outlook for 2009: Sales growth is expected to be well above
10% in local currency. The margin target remains and is expected to
be around 11% at the prevailing exchange rates.


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