Cosmetic seller Oriflame's 3-month sales up 6% to €350.1m

28 Jul '05

1 min read

Swedish cosmetics company Oriflame Cosmetics announced the financial results for three months ended 30 June 2005.

Local currency sales increased by 7 percent and Euro sales grew by 8 percent, to €168.5m (€155.9m).

Average size of the Sales Force increased by 6 percent, to 1,604,800 Consultants and productivity in local currency increased by 2 percent. Closing Sales Force was up by 7 percent Operating profit decreased to €19.7m (€26.5m). Margins were lower as a result of measures taken to increase sales growth.

Profit after tax decreased to €18.2m (€20.3m)

Six months ended 30 June 2005
- Sales increased by 6 percent both in local currency and in Euro to €350.1m (€331.0m)
- Adjusted profit after tax decreased by 12 percent, to €42.5m (€48.3m)
- Adjusted EPS after dilution decreased by 13 percent, to €0.72 (€0.82)
- Cash flow from operating activities amounted to €30.7m (€38.9m).

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Belgium based an international cosmetics maker Oriflame sells high-quality natural skincare and cosmetic products through an independent sales force, outside the traditional retail environment. Direct sales allows customers to get advice and inspiration from people they know and trust. Buying direct is reliable and convenient.

Oriflame

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