Oriflame sees an improved outlook for 2008

Published: 6-Oct-2008

Swedish cosmetics group Oriflame has upgraded its sales forecast for the whole of 2008 from a 15% rise to "above 20%". Operating margin is expected to improve despite the problems with exchange rates. Oriflame's group sales for the third quarter this year are reported to have developed strongly in most markets and the quarterly rise in the euro zone is around 30%. ales in Russia in the third quarter went up 36% in local currency terms.


Swedish cosmetics group Oriflame has upgraded its sales forecast for the whole of 2008 from a 15% rise to "above 20%". Operating margin is expected to improve despite the problems with exchange rates. Oriflame's group sales for the third quarter this year are reported to have developed strongly in most markets and the quarterly rise in the euro zone is around 30%. ales in Russia in the third quarter went up 36% in local currency terms.

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