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Rise comes despite weaker than expected Q4.
January 11, 2011
By: TOM BRANNA
Editor
Oriflame reported that group sales rose 8% in local currency last year, while rising 15% when compared against the euro. The company had expected a 9% gain in local currency last year. The slight decline was blamed on a weaker than expected fourth quarter, due to weaker demand in the EMEA region and the CIS region. In addition, the company had some difficulty registering products in CIS. A full year report will be issued on Feb. 16.
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