Oriflame Q2 earnings beat expectations

24-Aug-2015

But company still loses consultants and sales

Swedish cosmetics direct sales brand Oriflame has reported better than expected quarterly earnings. It's adjusted operating margin was 8.3%, resulting in an adjusted operating profit of €25m.

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However, despite strong price rises to offset currency losses – particularly in the Russian and Ukrainian regions – local currency sales decreased by 2% and Euro sales decreased by 3% to €301m. The company's number of active consultants decreased by 6% to three million.

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