Oriflame Cosmetics Q2 2008 English

Oriflame Cosmetics Q2 2008 English


Three months ended 30 June 2008
§  Local currency sales increased by 21% and Euro sales increased by
15% to ¤311.0m (¤269.6m).
§  Average size of the sales force increased by 22% to 2,727,200
consultants and closing sales force was up by 21%.
§  EBITDA increased by 13% to ¤48.3m (¤42.8m).
§  Operating margin, before restructuring costs due to the new
operational platform, was 13.5% (14.0%) and operating profit
increased with 11% to  ¤41.9m (¤37.7m).
§  Net profit before restructuring costs increased by 13% to ¤32.8m
(¤29.1m).
§  EPS after dilution and before restructuring costs increased by 12%
to ¤0.58 (¤0.52). Diluted EPS after restructuring costs amounted to
¤0.52 (¤0.49).
§  New outlook: Sales growth for 2008 is expected to be above 15% in
local currency and operating margins before restructuring are
expected to improve compared to last year despite the prevailing
exchange rate environment.