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4-Traders Homepage  >  Equities  >  Nyse  >  Herbalife Ltd.    HLF   KYG4412G1010

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Herbalife Ltd. : Herbalife Statement Regarding Belgian Appeal Court Ruling

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12/03/2013 | 06:33pm CET

Global nutrition company Herbalife (NYSE: HLF), welcomes the judgment by a Belgian Appeal Court that states the company's sales model is in full compliance with Belgian law. This judgment overturns a previous ruling by the lower court, in response to claims brought by Belgian consumer organization Test-Aankoop, that Herbalife was operating a pyramid scheme.

Herbalife always believed that the first judgment contained factual errors and was based on misinterpretations of its direct-selling sales method, and was confident that the original judgment would be overturned on appeal.

Herbalife continues to focus on supporting its independent distributors and their customers in Belgium, and the company remains committed to an open and transparent relationship with those distributors and customers, as well as regulatory authorities and all other stakeholders.

About Herbalife Ltd.

Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 90 countries to and through a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains financial and other information about Herbalife at www.herbalife.com.

Herbalife Ltd.
George Fischer (EU)
+44 7787 148392
Julian Cacchioli (US)
+1 213 309 9478

© Business Wire 2013
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Financials ($)
Sales 2016 4 494 M
EBIT 2016 643 M
Net income 2016 246 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 18,50
P/E ratio 2017 11,07
Capi. / Sales 2016 1,10x
Capi. / Sales 2017 1,08x
Capitalization 4 933 M
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Average target price 72,5 $
Spread / Average Target 37%
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Michael O. Johnson Chairman & Chief Executive Officer
Desmond J. Walsh President
Richard P. Goudis Chief Operating Officer
John G. DeSimone Chief Financial Officer
Richard P. Bermingham Independent Director
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