Oriflame Holding AG Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Capex Guidance for the Full Year of 2017
August 17, 2017 at 01:15 am EDT
Share
Oriflame Holding AG reported consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported sales of EUR 347,632,000 against EUR 309,590,000 a year ago. Operating profit was EUR 40,514,000 against EUR 30,802,000 a year ago. Net profit before income tax was EUR 29,705,000 against EUR 27,060,000 a year ago. Net profit attributable to owners of the company was EUR 19,908,000 or EUR 0.35 per diluted share against EUR 18,128,000 or EUR 0.32 per diluted share a year ago. Cash flow from operating activities was EUR 33,927,000 against EUR 35,809,000 a year ago. Purchases of property, plant, equipment was EUR 4,233,000 against EUR 2,576,000 a year ago. Purchases of intangible assets were EUR 637,000 against EUR 851,000 a year ago. EBITDA was EUR 47.9 million against EUR 40.6 million a year ago. Net interest-bearing debt was EUR 82.4 million against EUR 106.5 million a year ago
For the six months, the company reported sales of EUR 687,767,000 against EUR 615,395,000 a year ago. Operating profit was EUR 70,283,000 against EUR 51,944,000 a year ago. Net profit before income tax was EUR 57,124,000 against EUR 42,735,000 a year ago. Net profit attributable to owners of the company was EUR 39,391,000 or EUR 0.69 per diluted share against EUR 28,801,000 or EUR 0.51 per diluted share a year ago. Cash flow from operating activities was EUR 32,455,000 against EUR 57,259,000 a year ago. Purchases of property, plant, equipment was EUR 6,755,000 against EUR 4,106,000 a year ago. Purchases of intangible assets were EUR 1,105,000 against EUR 1,063,000 a year ago. EBITDA was EUR 88.3 million against EUR 68.3 million a year ago.
The company expects the capex levels to climb up over time for the full year of 2017, and the company currently anticipated capex to be around EUR 20 million to EUR 25 million which is a reduced forecast of EUR 5 million compared to the last interim report.
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 Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Capex Guidance for the Full Year of 2017