Source: Hemscott 4/29/2008
Oriflame Q1 Profits Rise on Sales
Local currency sales increased by 26.5 percent and euro-denominated sales by 20.7 percent to 324.2 million euros. The operating margin inched up to 15.5 percent from 15.4 percent, while diluted EPS including restructuring costs was 0.58 euros from 0.55. The company reiterated its 2008 guidance for sales growth of well above 10 percent in local currencies, and for higher operating margins.
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