Hot Business News Today

Hot Business News Today

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

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Hot Business News Today

Tulsa Remote: Get Paid $10,000 to Move to Tulsa, Oklahoma

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Sponsored by Tulsa Remote Did you know that full-time remote workers can get paid $10,000 to move to Tulsa, Oklahoma? Here is what you need to know about Tulsa’s relocation incentive program and why you, as a remote worker, should consider this option. You’ve likely heard of cities, both large and small, offering incentives like […]

The post Tulsa Remote: Get Paid $10,000 to Move to Tulsa, Oklahoma appeared first on The Work at Home Woman | Legit Work From Home Jobs.

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Amare Global Ranked As Triple AAA+ Opportunity For 2024 And 2025

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Amare Global charted a remarkable path in 2023 and 2024. David C. Chung acquired Amare Global in December 2022. These developments form part of change in the company’s structure and are aimed at enhancing its market standing.
Chung is the founder and CEO of iLABS US and iLABS South Korea, state-of-the-art beauty innovation centers that offer R&D, turnkey product development, and exceptional finished goods to independent and leading beauty brands, and Morae Packaging, which offers quality glass, plastic, and sustainable packaging solutions for skincare, cosmetics, and fragrance.
David Chung stated:
“I acquired Amare Global to leave a positive legacy in this world. I see a unique opportunity to bring much-needed solutions that transform mental wellness, and Amare Global is leading this movement.”
In one of his first steps, Chung announced a leadership change with the appointment of Asma Ishaq as Chief Executive Officer, coming from an other midsize Network Marketing company. This strategic change is expected to bring fresh insights and direction to the company’s operations.
Chung stated:

“Asma is a high-achieving leader and visionary innovator. Her entrepreneurial spirit and reputable team-building skills closely align with my vision to transform the growing mental wellness category,”

This article is written by Team Business For Home and is fact

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