Oriflame Cosmetics Q3 Report

Interim report 1 January - 30 September 2008

Three months ended 30 September 2008

§  Local currency sales increased by 32% and Euro sales increased by
30% to €299.6m (€229.6m).
§  Average size of the sales force increased by 22% to 2.62m
consultants and closing sales force was up by 27%.
§  EBITDA increased by 41% to €36.8m (€26.1m).
§  Operating margin, was 9.7% (8.6%) and operating profit increased
by 48% to €29.2m   (€19.7m).
§  Net profit increased by 93% to €23.1m (€11.9m).
§  EPS after dilution increased by 92% to €0.41 (€0.21).
§  Oriflame issued a trading statement on 3 October with a revised
full year outlook: sales growth for 2008 expected to be above 20% in
local currency and the operating margin expected to improve compared
to 2007.

Nine months ended 30 September 2008
§  Local currency sales increased by 26% and Euro sales increased by
22% to €934.7m (€767.8m).
§  Net profit before restructuring costs increased by 30% to €93.8m
(€72.4m).
§  EPS after dilution and before restructuring costs increased by 30%
to €1.66 (€1.28). Diluted EPS after restructuring costs amounted to
€1.51 (€1.07).
§  Cash flow from operating activities decreased to €5.1m (€40.2),
mainly due to an inventory build up and the cash impact from the
restructuring programme.