Oriflame Press Release
Operating profit for the first quarter of 2010 increased 11% to E42.2 million, from E37.9 million for the first quarter of 2009.
Magnus Brannstrom, CEO of Oriflame Cosmetics, said: "As we have communicated earlier, the first half of 2010 will be challenging with tough comparables. This has proven true as growth in the first quarter was rather modest. However, we are comfortable with our outlook for 2010 of around 10% sales growth with an operating margin above 12% at current exchange rates.
"Given the growth at the start of the year, we will focus our resources even more towards top line growth. On the positive side, we see that currencies are moving strongly in our favour and if that remains it will have a positive effect on our operating margins for 2010."
Related News
-
Oriflame Workers Detained In Iran
5 Oriflame workers have been detained by Iranian authorities after the company's Tehran operations were shut down with Tehran alleging fraud and Oriflame's claims that the authorities disliked female employees filling certain roles.Iran's commerce and culture ministries dubbed the company illegal... Read More...Oriflame Announces Q2 Conference Call
Announcement Oriflame Cosmetics will publish its report for the first half-year 2010 at 07.15 CET on Wednesday, 11 August.Conference call for the financial community The company will host a conference call on Wednesday, 11 August at 10.30 CET.Participant access numbers: Sweden: +46 (0)8 50... Read More...Alcan Packaging Beauty Compliments Oriflame
Alcan Packaging Beauty developed Oriflame's new product range "OPTIMALS Event Out™ Dark spot fading concentrate" and its "Time Reversing Restoring Eye Cream".For The "OPTIMALS Event Out™ Dark spot Fading Concentrate, Alcan Packaging Beauty proposed a 16 mm Artist Roll' on ™. This plastic roll-... Read More...Oriflame Ukraine Market Report
In the second half of 2009 Oriflame Cosmetics Ukraine DP introduced Wellness, a new line of business consisting of dietary supplements and slimming products. If this line is successful, an increasing number of players amongst well-known companies are expected to enter slimming products. Previously, ... Read More...
