Q1 Results: Mannatech Down 8%; Oriflame Down 6%

first quarter

Flower Mound, Texas-based Mannatech, Incorporated (NASDAQ: MTEX) recently announced net sales of $38 million for the first quarter of 2019.

The net sales represented a decrease of $3.4 million, or 8.2 percent, as compared to $41.4 million in the first quarter of 2018. Income from operations increased to $1.1 million for the first quarter 2019, from a loss of $0.9 million in the same period in 2018.

The approximate number of new and continuing independent associate and preferred customer positions held by individuals in Mannatech’s network and associated with purchases of the company’s packs or products as of March 31, 2019 and 2018 were approximately 203,000 and 210,000, respectively.

To read the complete Mannatech Q1 2019 report, click here.

Oriflame

Stockholm, Sweden-based Oriflame also recently reported financial results for the first quarter of 2019. Local currency sales decreased by 6 percent and Euro sales decreased by 7 percent to €309.2m (€330.8m), of which 2 percentage points are related to a one-off IFRS effect. The number of registered actives decreased by 5 percent and amounted to 2.9 million.

“Despite a weaker sales development and changed geographical mix, we are pleased to report a stable profitability for the quarter and continued healthy cash flow generation,” said CEO Magnus Brännström. “While we are encouraged by the positive development in Latin America, Africa, Europe and most of the CIS markets, we continued to see a sales decline in Asia and Turkey impacted by challenging market conditions as well as governmental and legislative initiatives in China and Vietnam. Oriflame has a balanced geographical footprint, and we will continue to take responsible steps adapted to each respective market to drive sales and healthy margins.”

To read the complete Oriflame Q1 2019 report, click here.

Please follow and like us:
error