- Political and economic developments in local markets
Management reiterates the outlook for full year 2005 communicated in the interim report for the first and second quarters of 2005, that measures to increase sales growth within the areas of marketing, product and catalogue development and Sales Force effectiveness, together with substantial operational investments in Russia and China, are expected to have a negative effect of 2-3 percentage points on operating margins for the full year 2005, significantly weighted towards the first half of the year.
International cosmetic company Oriflame Cosmetics is selling its products directly with sales in 56 countries. It provides a complete range of high quality skincare, fragrances and colour cosmetics, marketed through a sales force of 1.5 million independent Sales Consultants.
Although the company has grown rapidly it never lost sight of its original business concept - natural Swedish cosmetics, sold from friend to friend. Oriflame is a co-founder of World Childhood Foundation. Oriflame is listed on the Stockholm Exchange.