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Oriflame Cosmetics reports 18% rise in local currency sales

Oct '05
International cosmetic retailer, Oriflame Cosmetics announced three months ended 30 September 2005 Local currency sales increased by 18 percent and Euro sales grew by 20 percent, to €170.9m (€142.4m). Average size of the Sales Force increased by 14 percent, to 1,505,500 Consultants and productivity in local currency increased by 4 percent. Closing Sales Force was up by 13 percent EBITDA increased by 17 percent to €24.3m (€20.8m)

Operating margin amounted to 12.1 percent (12.9 percent) resulting in an operating profit of €20.8m (€18.4m)
Profit after tax increased by 9 percent to €16.0m (€14.7m).

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Oriflame Cosmetics is an international cosmetics company selling direct, with sales in 56 countries. Oriflame offers a complete range of high quality skincare, fragrances and colour cosmetics, marketed through a sales force of 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 Cosmetics

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