Oriflame (ORI-SS—Stockholm) recently announced financial results for the full year ending December 31, 2018.
The cosmetics giant achieved €1.3 billion in revenue for 2018. Sales were up 2 percent in Latin America, 1 percent in Europe and Africa, and 7 percent in Asia and Turkey. Sales in the CIS region were down 3 percent.
“2018 was a year of stable development for the Group, but beneath the surface it was also quite turbulent, with a thoroughly altered geographical mix that placed considerable demands on our organizational flexibility but also shows the strength of our business model” said Magnus Brännström.
The company added that the key global trends influencing Oriflame for the year were purposeful brands, total beauty, the You economy, lifelong learning and the socialization of beauty.
To view the full Oriflame online report, click here.