Oriflame Holding AG Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Capex Guidance for the Year 2018
August 07, 2018 at 01:15 am EDT
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Oriflame Holding AG reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported sales of 309.159 million against 347.632 million a year ago. Operating profit was 38.108 million against 40.514 million a year ago. Net profit before income tax was 34.337 million against 29.705 million year ago. Net profit was 24.507 million or 0.43 per basic and dilute share against 19.908 million or 0.35 per dilute share a year ago. Cash flow from operating activities in the second quarter amounted to 28.540 million against 33.927 million a year ago, driven by higher EBITDA, offset by negative timing of payables. Cash flow from operating activities amounted to 28.5 million in accordance with IFRS. Purchases of property, plant, equipment was 3.838 million against 4.233 million a year ago. Purchases of intangible assets were 0.158 million against 0.637 million a year ago. EBITDA amounted to 51.9 million against 47.9 million a year ago and to 51.5 million in accordance with IFRS.
For the six months, the company reported sales of 639.988 million against 687.767 million a year ago. Operating profit was 72.890 million against 70.283 million a year ago. Net profit before income tax was 64.611 million against 57.124 million year ago. Net profit was 45.529 million or 0.80 per basic and dilute share against 39.391 million or 0.69 per dilute share a year ago. Net interest-bearing debt amounted to 84.2 million (82.4 million). Cash flow from operating activities was 53.438 million against 32.455 million a year ago. Purchases of property, plant, equipment was 7.025 million against 6.755 million a year ago. Purchases of intangible assets were 0.211 million against 1.105 million a year ago.
The company provided capex guidance for the year 2018. For the year, the company expected the CapEx numbers to gradually come up and reach around EUR 20 million by the end of the year.
Oriflame Holding AG is a Switzerland-based developer, producer and marketer of beauty products. The Company's product portfolio includes skin care products, such as day and night creams, lip care, face treatments and serums and sun protectors, as well as facial brushes, sponges and mirrors; color cosmetics, such as lipstick, brushes, nail polish, eye make-up, eye make-up remover and powder; fragrances, including deodorants and perfume; personal and hair care products, such as shampoo, styling products, shower gel and oral care products; accessories, including bags, gloves, hats, sunglasses, watches, rings, necklaces, bracelets and scarves, and wellness products, such as soups, shakes and nutrition products.
Oriflame Holding AG Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Capex Guidance for the Year 2018