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Q2 Sales Rise at Oriflame

Profits and sales force increase too.

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By: TOM BRANNA

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Oriflame reported that second quarter sales rose 19% to $493 million. During the period, the average size of the sales force increased by 5% to 3.6 million. However, the company noted that during the quarter, business conditions in Iran deteriorated. As a result, Oriflame is now evaluating its options in this market. For the six months, sales increased 12% to $968 million, while net profit before restructuring costs topped $87 million at current exchange rates. “As planned, we have,...

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