Year-end report 1 January – 31 December 2014 3 months

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 11, 2015 at 1:30 AM

Year-end report 1 January – 31 December 2014

3 months ended 31 December 2014 · Local currency sales increased by 5% and Euro sales decreased by 5% to €353.7m (€371.2m). · Number of active consultants was unchanged at 3.5m compared to the same period previous year. · EBITDA amounted to €34.4m (€52.0m). · Adjusted* operating margin was 8.4% (12.6%), negatively impacted by approximately 350 bps from currency movements, resulting in an adjusted* operating profit of €29.8m (€46.8m). Operating margin was 8.0% (12.0%) and operating profit €28.4 m (€44.7 m). · Adjusted** net profit amounted to €11.1m (€27.2m) and adjusted** EPS amounted to €0.20 (€0.49). Net profit was €3.3 m (€25.0 m) and EPS €0.06 (€0.45). · Cash flow from operating activities amounted to €66.0m (€63.7m). · First quarter update: The local currency sales development in the first quarter to date is around 1%, impacted negatively by a timing effect of approximately 2%. * Adjusted for restructuring costs of €2.4m, gain from sale of manufacturing assets of €9.2m and VAT cost related to the Russian tax claim of €8.1m in the fourth quarter 2014 and restructuring costs of €2.2m in the fourth quarter 2013 ** Adjusted for tax costs from the Russian tax claim of €6.4m 12 months ended 31 December 2014 · Local currency sales increased by 1% and Euro sales decreased by 10% to €1,265.8m (€1,406.7m). · EBITDA amounted to €122.9m (€166.5m). · Adjusted* operating margin was 7.7% (10.1%), negatively impacted by approximately 350 bps from currency movements, resulting in an adjusted* operating profit of €97.8m (€142.4m). Operating margin was 7.5% (9.7%) and operating profit €94.7m (€136.6). · Adjusted** net profit amounted to €47.0m (€84.4m) and adjusted** EPS amounted to €0.84 (€1.52). Net profit was €37.5m (€78.6 m) and EPS €0.67 (€1.41 m). · Cash flow from operating activities amounted to €90.0m (€112.1m). · The Board of Directors will continue to prioritise reducing the debt during the forthcoming quarters. As a consequence, the Board of Directors will not seek a mandate for distribution of dividend during the forthcoming four quarters (quarter 2 2015 up until quarter 1 2016). * Adjusted for restructuring costs of €4.2m, gain from sale of manufacturing assets of €9.2m and VAT cost related to the Russian tax claim of €8.1m for the full-year 2014 and restructuring costs of €5.8m for the full-year 2013 ** Adjusted for tax costs from the Russian tax claim of €6.4m Significant event after the end of the quarter · Insurance claim of €7.8m relating to Indian warehouse fire in 2013 received in January 2015. CEO Magnus Brännström comments “2014 has been a year marked by challenges of various kinds for Oriflame. The geopolitical instability in our important markets Russia and Ukraine and the sharp devaluation of their currencies have impacted operations, sales and margins negatively. On the other hand, 2014 was a good year in other parts of the world – we saw very strong growth in Turkey, Africa and Asia and we continued to build our position stronger in Latin America. We ended the year with a quarter of decent local currency sales development, but with margins under pressure. The slower local currency sales development in the first quarter-to-date reflects the continued external challenges and uncertainties we are likely to be faced with throughout 2015. We will tackle these with a continued strive to improve our offer and an intense focus on profitability.” Conference call for the financial community The company will host a conference call on Wednesday, 11 February at 9.30 CET. Participant access numbers: Luxembourg: +352 2 730 0158 Sweden: +46 8 505 564 53 Switzerland: +41 22 580 29 94 UK: +44 20 3009 2455 US: +1 855 228 3719 Confirmation code: 300455# The conference call will also be audio web cast in “listen-only” mode through Oriflame’s website: www.oriflame.com or through http://edge.media -server.com/m/p/2t8km5a8 11 February 2015 Magnus Brännström Chief Executive Officer For further information, please contact: Magnus Brännström, Chief Executive Officer, Tel: +352 691 151 930 Gabriel Bennet, Chief Financial Officer, Tel: +41 798 263 713 Johanna Palm, Sr. Director Investor Relations, Tel: +46 765 422 672 Oriflame Cosmetics S.A. 24 Avenue Emile Reuter, L-2420, Luxembourg www.oriflame.com Company registration no B.8835

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

El Pollo Loco Faces Class Action Over Wage Practices

Alright, here's where things start sizzling—El Pollo Loco, the fast-food chicken chain whose name translates to 'The Crazy Chicken'—is in a legal pickle. The lawsuit hanging over their heads could spell a sticky situation for them and possibly ripple through the fast-food industry. The suit, filed by the steadfast firm Blumenthal Nordrehaug Bhowmik De Blouw LLP, has...

Luvme Hair Offers Wig Variety for Winter Fashion

Adding Flair to Winter Looks A style kick-off from the fashion world: Luvme Hair is flipping the table on winter wardrobes with a new collection of wigs. As the weather ramps up the need for thick coats and cumbersome layers, these long hairstyles offer a little extra swing, bringing dimension into the mix. Fancy a change from traditional winter hibernation? Here’s what...

Uber Data Breach: Class Action Investigation Begins

When Tech Meets Trouble: Uber's Data Breach Picture this: the hum of Uber rides weaving through your city, drivers none the wiser that personal info has been pried from the vaults thanks to their tech partner, Fireworks AI. Uber, folks, is in hot water once again. This isn’t just another tech hiccup; it's a legal whirlwind brewing up courtesy of Edelson Lechtzin LLP, a...

EFICYENT Ventures to Connect at Singapore FinTech Fest

Why the Singapore FinTech Festival Matters The world's hardly a stranger to hype, but the Singapore FinTech Festival carries some real weight. From November 18 to 20, 2026, this gig isn't just industry chatter—it's a high-stakes convergence of policymakers, financial institutions, fintech innovators like EFICYENT, and the money folk looking to mold the future of...

Servier's Data on Tovorafenib Shows Promise in pLGG

New Light on a Critical Challenge Talk about a fight in the dark. Pediatric low-grade glioma (pLGG) is a menace that families dread, an uphill battle with odds that feel relentless. Enter Servier and its four-year updated data on OJEMDA® (tovorafenib), a beacon of hope for kids battling these tricky brain tumors. Results, presented at the SNO meeting, are fresh off the...

Breakthrough T1D Pushes Global T1D Awareness Forward

Shining a Light on T1D with Global Efforts In a world where a change in lifestyle can happen at the drop of a hat, Breakthrough T1D is making waves by expanding their global "See T1D" campaign in honor of World Diabetes Day. This isn't your run-of-the-mill awareness push—this is about propelling an understanding of what life truly entails for those living with type 1...

Retirement Dreams Dashed: 61% Withdraw Early

By Olivia Taylor Updated Nov 14, 2026 Category News Views 382

Retirement Caught in the Crosshairs Just when you think the path to retirement might clear up, life slaps down older workers with economic reality. A recent LiveCareer survey underscores this financial mess, revealing that 61% of those 50 and older are raiding their own retirement funds to make ends meet. It's enough to make one's head spin. Inflation: The Unwanted Guest...

YSTUDIO's Pens: A Nod to the Power of Writing

Slow Down, Write On: A New Era for Stationery In a world where sentiments zip around with a swipe, here we find YSTUDIO tapping into something analog and profound. Their latest offerings—a 'Brand Day Gift Box' and the 'Inner Universe' pen series—are more than just high-end stationery. They’re an invitation to reconnect with the written word, a gesture to slow our...

Fluence Energy Faces Leadership Departures Amid Legal Woes

Fluence Energy's Rocky Road Continues It's chaos once again in the halls of Fluence Energy (NASDAQ:FLNC). The ship seems to drift further from solid ground as their CEO and CFO candidly decided to jump ship, shaking investor confidence even more vigorously. The market's reaction was swift and brutal: a nasty 9% share drop, leaving investors with more than just a headache....

HONGQI's EHS4 Launch in Europe: Bridging East and West

Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...