Oriflame Q3 profit beats forecast

By
Reuters

Published
Nov 4, 2014

STOCKHOLM, Sweden - Swedish cosmetics firm Oriflame posted third-quarter earnings above market forecasts on Tuesday and said it had managed to offset most of the impact from currency headwinds with price increases and cost savings.

Oriflame's adjusted operating profit totalled $24.7 million (£15.4 million), topping a mean forecast of 16.8 million in a Reuters poll of analysts.