Oriflame Q2 earnings beat expectations


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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