Three months ended 31 March 2008 * Local currency sales increased by 26.5% and Euro sales increased by 20.7%, to €324.2m (€268.5m). * Average size of the sales force increased by 25%, to 2,610,600 consultants and closing sales force was up by 24%. * EBITDA increased by 23%, to €57.2m (€46.4m). * Operating margin before restructuring costs, due to the new operational platform, was 15.5% (15.4%) resulting in a 22% increase in operating profit to €50.2m (€41.3m). * Net profit before restructuring costs increased by 22% to €37.9m (€31.1m). * EPS after dilution and before restructuring costs increased by 22% to €0.67 (€0.55). Diluted EPS after restructuring costs amounted to €0.58 (€0.55). * Cash flow from operating activities amounted to €3.3m (€30.4) partly due to the cash impact for the restructuring programme and an inventory build up. * The new operational platform is now fully up and running. The full report including tables can be downloaded from the following link:
Interim report 1 January - 31 March 2008
| Source: Oriflame Cosmetics S.A.