Comment on currency impact, actions and sales trend
This information is to meet the requests for clarification and comments on the impact on Oriflame’s sales and earnings and foreseen actions following the recent sharp decline in the Russian Rouble. Oriflame is increasingly impacted by currency movements as a result of the Russian Rouble devaluation and the company will intensify its efforts to limit the currency impact for the group. With Russia being the largest market for the group, representing around 30 percent of total sales, the Russian Rouble is the currency with the largest impact on group sales and operating margin. With the