Oriflame Reports on Latest Quarter

For the three months ended Sept. 30, 2015, Oriflame’s local currency sales increased by 4% and euro sales decreased by 4% to €263.2m (€274.5m). During the quarter, the company’s active consultants decreased by 5%
 
For the nine months ended Sept. 30, local currency sales increased by 1% and euro sales decreased by 4% to €872.1m (€912.1m) the firm reported.
 
“We are pleased to report double digit growth in both Latin America and Turkey, Africa & Asia. These markets now account for close to half of the total sales with an increased contribution to the overall profitability of the Group,” said CEO Magnus Brännström. “Although challenges remain in CIS and Europe the development is improving, suggesting that the efforts of driving activity are starting to pay off. The unit development remains a challenge and puts pressure to further drive efficiencies across all parts of the organisation. The fourth quarter has started in a promising way although it should be noted that we are facing more difficult sales comparable in the second half of the quarter.”