LR Health & Beauty, The German based network marketing company recorded sales of nearly EUR 258 million, up 15 percent on a year-on-year basis (net of currency effects).
Key growth drivers in turnover were the international markets such as Turkey, Italy, Poland, Belgium, the Netherlands and Spain with double-digit growth. But in Germany as well, LR grew by almost 20 percent in the acquisition of new sales partners, thus laying the foundation for sustainable success.
“This is an excellent development that confirms the confidence in our business model,” says Dr. Thomas Stoffmehl, CEO of LR Health & Beauty and spokesman of the Management Board.
In focus for 2017: Support of sales partners
The targeted support of the sales partners, the development of careers and, as a result, the sustained expansion of sales structures take centre
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Herbalife Reports 2016 Sales Flat $4.5 Billion
by Ted Nuyten • • 0 Comments
Herbalife Reports Record Full Year 2016 Worldwide Volume; Number of Preferred Members in the U.S. Approximately 300,000; Record Worldwide Sales Leader Retention; Announces a New Share Buyback Authorization of $1.5 Billion.
The company reported record full year 2016 worldwide volume points of 5.6 billion, which represents an increase of approximately 5% compared to 2015. Reported full year 2016 net sales of $4.5 billion was flat, while constant currency net sales increased 6%, both compared to 2015.
On a reported basis, full year 2016 net income was $260.0 million, or $3.02 per diluted share, compared to net income of $339.1 million or $3.97 per diluted share for 2015.
Michael O. Johnson, chairman and CEO of Herbalife, stated,
“2016 was a dynamic and record-breaking year. Our members continue to successfully build customer-focused businesses, which is evident in