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Oriflame Cosmetics AB (STO:ORI) 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.
