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.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.