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.