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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 CEST

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 2017 4 569 M
EBIT 2017 619 M
Net income 2017 346 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 17,29
P/E ratio 2018 12,96
Capi. / Sales 2017 1,47x
Capi. / Sales 2018 1,38x
Capitalization 6 702 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 85,3 $
Spread / Average Target 19%
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Richard P. Goudis Chief Executive & Operating Officer
Desmond J. Walsh President
Michael O. Johnson Executive Chairman
John G. DeSimone Chief Financial Officer
Richard P. Bermingham Independent Director
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