Farmasi, a network marketing company globally recognized for their progressive approach, continues to exceed expectations, surpassing their 2023 revenue target with a whopping $440 million.
The company has presence in 26 countries and operating with approximately 4 million Beauty Influencer entrepreneurs and 1500 employees. Farmasi is in the top 3 fastest growing direct sales companies in the world and has been named the fastest growing direct selling brand based in Europe.
Farmasi has been making significant strides within its industry. The company has recently announced its expansion into France and Italy, spreading its wings in the global market. This move represents a step forward in their growth strategy – a testament to their thriving business model.
A highlight is their generous commission policy, where nearly 40% of this income could be paid out as commission, markedly above the 35% industry standard, to boost their partner’s income. This review explores the opportunity without promising anything, presenting an impartial and transparent assessment of their business model.
This article is written by Team Business For Home and is fact checked by Ted Nuyten – CEO of Business For Home.
In addition to their successful expansion, Farmasi has been recognized for its incredible opportunity. The brand was ranked in
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Oriflame Q3 Sales Down 19% To €130 Million
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“The Board of directors of Oriflame Holding Limited, the Company and its advisers are proactively exploring options to address its capital structure and are evaluating potential recapitalisation opportunities.
In connection with such efforts, the Company is in constructive and active discussions with a group of investors who are majority holders of the Company’s Euro and USD senior secured notes.
No assurance can be given with respect to the outcome of any such negotiations.”
Three months ended 30 September 2024
Euro sales decreased by 19% to €130.8m (€161.7m) and local currency sales decreased by 16%.
The adjusted EBITDA amounted to €5.4m (€4.1m) and the adjusted EBITDA margin was 4.2% (2.5%). The currency impact on the adjusted EBITDA was 170 bps negative.
The adjusted operating profit was €0.2m (€-1.7m) and the adjusted operating margin was 0.2% (-1.1%).
The adjusted net profit was €6.9m (€-54.2m).
The adjusted cash flow from operating activities was €-10.9m (€-6.9m) and adjusted cash flow before financing activities was €-13.0m (€-13.9m).
Additional non-recurring costs amounting to €1.5m (€20.3m) were recorded during the quarter and excluded from the operating profit (adjusted operating profit).
Oriflame Sales 2018 – 2023
Nine months ended 30 September 2024
Euro sales decreased by 21% to €435.5m (€551.9m) and local currency sales decreased by 17%.
The adjusted