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Oriflame Holding Q1 profit falls YOY

Oriflame Holding AG said its normalized net income for the first quarter came to 19 euro cents per share, a decrease of 6.3% from 20 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.6 million, a decrease of 6.3% from €11.3 million in the prior-year period.

The normalized profit margin dropped to 3.5% from 3.5% in the year-earlier period.

Total revenue fell 5.9% on an annual basis to €307.8 million from €327.2 million, and total operating expenses fell year over year to €290.6 million from €304.6 million.

Reported net income decreased year over year to €11.1 million, or 20 cents per share, from €11.7 million, or 21 cents per share.