Source: Hemscott 4/29/2008

Oriflame Q1 Profits Rise on Sales

Oriflame Cosmetics said first quarter pretax profits rose 7 percent, boosted by the introduction of a new operating platform as sales soared by over 20 percent. Pretax profits, including 4.9 million euros of restructuring charges, rose to 37.9 million euros from 35.4 million, the Swedish cosmetics company said.

Local currency sales increased by 26.5 percent and euro-denominated sales by 20.7 percent to 324.2 million euros. The operating margin inched up to 15.5 percent from 15.4 percent, while diluted EPS including restructuring costs was 0.58 euros from 0.55. The company reiterated its 2008 guidance for sales growth of well above 10 percent in local currencies, and for higher operating margins.

View Oriflame USA Review

Related News

  • Oriflame Workers Detained In Iran
    5 Oriflame workers have been detained by Iranian authorities after the company's Tehran operations were shut down with Tehran alleging fraud and Oriflame's claims that the authorities disliked female employees filling certain roles.Iran's commerce and culture ministries dubbed the company illegal...  Read More...
  • Oriflame Announces Q2 Conference Call
    Announcement Oriflame Cosmetics will publish its report for the first half-year 2010 at 07.15 CET on Wednesday, 11 August.Conference call for the financial community The company will host a conference call on Wednesday, 11 August at 10.30 CET.Participant access numbers: Sweden: +46 (0)8 50...  Read More...
  • Alcan Packaging Beauty Compliments Oriflame
    Alcan Packaging Beauty developed Oriflame's new product range "OPTIMALS Event Out™ Dark spot fading concentrate" and its "Time Reversing Restoring Eye Cream".For The "OPTIMALS Event Out™ Dark spot Fading Concentrate, Alcan Packaging Beauty proposed a 16 mm Artist Roll' on ™. This plastic roll-...  Read More...
  • Oriflame Ukraine Market Report
    In the second half of 2009 Oriflame Cosmetics Ukraine DP introduced Wellness, a new line of business consisting of dietary supplements and slimming products. If this line is successful, an increasing number of players amongst well-known companies are expected to enter slimming products. Previously, ...  Read More...


Oriflame USA News Archive

New Companies on Npros

Receive News and
Updates from

 Send me news updates
 Send me New Companies

RSS Npros News Feed