Year-end report 1 January - 31 December 2016 (Oriflame Holding Ltd)
(WorldNews Switzerland)

(Source: Oriflame Holding Ltd) 3 months ended 31 December 2016 Local currency sales increased by 8% and Euro sales increased by 5% to EUR355.1m (EUR339.5m). Number of registered actives* decreased by 7% to 3.0m. EBITDA amounted to EUR49.0m (EUR39.7m). Operating margin was 11.8% (9.6%, adjusted** 11.5%), impacted by -110 bps from currencies, and operating profit was EUR42.0m (EUR32.6m, adjusted** EUR38.9m). The operating margin was favourably impacted by a VAT income related to the Russian tax case, fully offset by Ukrainian and other one-off restructuring costs as well as costs linked to the outsourcing of financial and IT operations to IBM. Net profit was EUR25.2m (EUR8.9m, adjusted** EUR15.2m) and diluted EPS...