Oriflame Cosmetics Q3 Report

Interim report 1 January - 30 September 2008

Three months ended 30 September 2008

§  Local currency sales increased by 32% and Euro sales increased by
30% to ¤299.6m (¤229.6m).
§  Average size of the sales force increased by 22% to 2.62m
consultants and closing sales force was up by 27%.
§  EBITDA increased by 41% to ¤36.8m (¤26.1m).
§  Operating margin, was 9.7% (8.6%) and operating profit increased
by 48% to ¤29.2m   (¤19.7m).
§  Net profit increased by 93% to ¤23.1m (¤11.9m).
§  EPS after dilution increased by 92% to ¤0.41 (¤0.21).
§  Oriflame issued a trading statement on 3 October with a revised
full year outlook: sales growth for 2008 expected to be above 20% in
local currency and the operating margin expected to improve compared
to 2007.

Nine months ended 30 September 2008
§  Local currency sales increased by 26% and Euro sales increased by
22% to ¤934.7m (¤767.8m).
§  Net profit before restructuring costs increased by 30% to ¤93.8m
(¤72.4m).
§  EPS after dilution and before restructuring costs increased by 30%
to ¤1.66 (¤1.28). Diluted EPS after restructuring costs amounted to
¤1.51 (¤1.07).
§  Cash flow from operating activities decreased to ¤5.1m (¤40.2),
mainly due to an inventory build up and the cash impact from the
restructuring programme.


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