Oriflame’s seasonal effect continues, with Q3 sales up 6% yoy and down 10% qoq to €278.9m. Asia, Turkey and Latin America experienced favourable momentum while the market conditions were challenging in the other regions. The positive performance was boosted by the improvement in productivity and increase in prices which offset the slumping number of active consultants (-5% to 2.6m in Q3). Margins have consolidated significantly in the quarter with an EBITDA margin surging 150bp to
11 Nov 2016
Pretty margin growth
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Pretty margin growth
- Published:
11 Nov 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Oriflame’s seasonal effect continues, with Q3 sales up 6% yoy and down 10% qoq to €278.9m. Asia, Turkey and Latin America experienced favourable momentum while the market conditions were challenging in the other regions. The positive performance was boosted by the improvement in productivity and increase in prices which offset the slumping number of active consultants (-5% to 2.6m in Q3). Margins have consolidated significantly in the quarter with an EBITDA margin surging 150bp to