All below figures in Swedish Kronor:
Revenues in the third quarter of 2024 amounted to SEK 532.8 (436.9) million, corresponding to 22% (25%) growth compared to the corresponding period last year.
In local currencies, revenues increased by 24% compared to the third quarter of the previous year. EBITDA profit amounted to SEK 63.0 (71.2) million and the EBITDA margin was 11.8% (16.3%).
The EBITDA margin was compared to a very strong third quarter last year and the change was mainly due to the marginally weaker gross profit for the quarter because of increased raw material prices and normalized distributor compensation.
In addition, increased sales costs linked to acquisitions and expansion, combined with currency translation effects, had a negative impact of SEK -4.2 (3.9) million on EBITDA for the quarter. During the quarter, the company expanded its establishment in France following strong sales growth linked to the acquisition of assets of Xelliss.
After the end of the quarter, the new product Collagen Boozt was launched as well as the Canary Islands achieved full market status. This put the Islands on an equal footing with mainland Spain and other European markets. Accumulated total revenue for Q1-Q3 amounted to SEK 1,494.3 (1,238.5) million, corresponding to growth of 21% (22%), accumulated EBITDA of SEK 177.8 (169.3) million and an EBITDA margin of
Tag Archive for Direct Selling Secrets
Hot Business News Today
Mannatech Reports Revenue Of $31.7 Million For Q3 – 2024
by Team Business For Home • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its third quarter of 2024.
Landen Fredrick, President and CEO, noted that,
“Although the third quarter of 2024 provided our highest revenue quarter in 2024, we continued to battle demand weakness in the third quarter across our global operations, with the most significant impact in the Asia/Pacific region due to ongoing economic challenges.
Despite anticipating continued economic difficulties for the rest of 2024, we are committed to increasing our revenue by growing our team of sales associates and expanding our base of preferred customers, all while keeping costs under strict cost controls.”
Third Quarter Highlights
Net sales for the quarter ended September 30, 2024 were $31.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $0.9 million, or 2.5%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $0.4 million, or 1.2%, and unfavorable foreign exchange caused a $0.5 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to slowing demand in Asia due to weakened economic conditions,
Hot Business News Today
Sven And Audrey Goebel Reach Over 50,000 Customer Subscriptions at Zinzino
by Team Business For Home • • 0 Comments
In August 2024, Sven and Audrey Goebel reached 40,000 subscriptions at Zinzino,
3 months later the power couple, leading one of the fastest-growing teams, have once again set a new milestone, breaking the 50,000 customer subscriptions mark in record time.
In an extraordinary achievement that defies typical industry standards, the Goebel team has developed a solid customer base comprised mainly of genuine external subscribers (85%) compared to internal partners. This remarkable feat is the latest success for the couple, who achieved the prestigious President rank within Zinzino just weeks ago.
Sven Goebel said:
“This is a tremendous achievement, and it’s a true team effort. We focus on building strong partnerships and fostering leadership within our team. This strategy allows us to meet ambitious targets and consistently deliver results that benefit every team member.”
As top leaders and ambassadors in Zinzino, the Goebels bring strong dedication and expertise to the company. Their approach has garnered industry-wide attention as a prime example of how effective leadership combined with a laser-sharp strategic approach can propel business growth in record time.
By combining strategic vision with authentic customer engagement, they have achieved the President rank in Zinzino and are well on their way toward even more significant accomplishments.
Audrey Goebel said:
“It’s
Hot Business News Today
Are Secret MLM Business Development Deals Fraud?
by Team Business For Home • • 0 Comments
As Business For Home we are Hard-Core Network Marketing Activists, and we believe in this industry, because of the many benefits. Personal development, the opportunity for many people to earn additional income, fun, and the list goes on and on.
The world of Network Marketing has unfortunately a controversial side, “Secret Business Development deals”, in most cases offered by desperate weak companies.
It hurts the entire profession
This are deals for “Top Leaders” to come over to a Network Marketing Company and are not disclosed to the other distributors. They are not available for a “newbie” or a hard working stay-at-home mother or father.
A great opportunity does not need Business Development Deals….
The deal offered can have components as:
“Bridge money” a fixed amount of $xxxxxx per month for a certain period.
Placing an existing downline under a “Top Leader”.
Soften the compensation plan, so that a person always qualify.
Additional benefits, such as “3%” extra over your total group revenue.
The MLM attorney Kevin Thompson stated about Secret Business Development Deals:
“People can mince words and say it’s not “fraud.” The word “fraud” carries with it criminal connotations. At BEST, it’s deceptive. The plan is marketed in a certain way and it’s implemented in another.
It’s clear-cut consumer
Hot Business News Today
Modere’s Global Leaders Team Heading by Michèlle Groote is Expanding Fast
by Team Business For Home • • 0 Comments
Two years ago, Michèlle Groote, Top Network Marketing Leader From The Netherlands had a clear goal when she founded the Global Leaders Team.
She wanted to create a team where everyone wins, not just those at the top. For Michelle, it was essential to build a community where everyone feels safe, valued, and supported. A place where every leader – from newcomers to experienced entrepreneurs – has the chance to grow and achieve success.
With this vision in mind, Michelle has shaped the Global Leaders team into what it is today: a thriving community of entrepreneurs who support, motivate, and win together.
Michèlle Groote said:
“We are incredibly proud to announce that several powerful new leaders have recently joined our Global Leaders team at Modere. Monder van der Ploeg, Ron van Dijkum, and Nastassja Grundlingh are some of the top names from the Netherlands, bringing their experience, energy, and vision to further strengthen our team.
Monder and Ron have years of experience in this industry and have already built highly successful teams. Their leadership and expertise are invaluable as they continue to inspire and support others in achieving their own success.
Nastassja Grundlingh, although relatively new to the industry, has quickly proven herself to be
Hot Business News Today
La Convención BE Breakthrough Budapest Reunió A Casi 10.000 Asistentes
by Team Business For Home • • 0 Comments
La Convención BE Breakthrough Budapest 2024 fue una experiencia transformadora y vibrante que alcanzó nuevos niveles de inspiración e impacto. Los casi 10.000 asistentes procedentes de todo el mundo que se dieron cita en el emblemático Budapest Arena disfrutaron de dos días de emoción, aprendizaje y celebración ininterrumpidos. En un ambiente electrizante, la visión y la dedicación de BE cobraron vida tanto para los afiliados como para los clientes.
Una experiencia inolvidable
Desde el primer momento el recinto vibró con espectáculos, experiencias envolventes y una imagen de marca impactante. Todos los elementos, desde el diseño visual hasta la energía de la sala, crearon un espacio memorable en el que los afiliados se sintieron unidos y orgullosos de celebrar la fuerza de la comunidad BE.
Grandes oradores y una cálida acogida
Los oradores cautivaron al público con su pasión y sus ideas. Los principales líderes de BE subieron al escenario y ofrecieron una valiosa orientación y motivación que dejó a todos entusiasmados y listos para trascender sus límites.
Dani G y Frazer Brookes fueron algunos de los ponentes invitados más destacados a los que el público dio una calurosa bienvenida. La sesión de Dani G sobre estrategias de ventas avanzadas y la experiencia de Frazer en
Hot Business News Today
Almost 10,000 Attendees Embrace BE Breakthrough Budapest Convention
by Team Business For Home • • 0 Comments
The BE Breakthrough Budapest Convention 2024 was a transformative, high-energy experience that set a new standard for inspiration and impact.
Held at the iconic Budapest Arena, almost 10,000 attendees from across the globe gathered for two days of non-stop excitement, learning, and celebration. The atmosphere was electric, bringing BE’s vision and dedication to life for affiliates and customers alike.
Building an Unforgettable Experience
From the moment doors opened, the arena buzzed with entertainment, immersive experiences, and stunning branding. Every element – from the visuals to the energy in the room – created a memorable space where affiliates felt a sense of unity and pride, celebrating the strength of the BE community.
Outstanding Speakers & Warm Welcomes
One of the key highlights of the convention was the speakers who captivated the audience with their passion and insights. Top leaders of BE took to the stage, delivering valuable guidance and motivation that left everyone fired up and ready to push beyond their limits.
Dani G and Frazer Brookes were among the standout guest speakers warmly welcomed by the crowd. Dani G’s session on advanced sales strategies and Frazer’s expertise in social media and leadership provided immense value, inspiring and equipping the BE community with tools to elevate their
Hot Business News Today
MLM Attorney Kevin Thompson: Why The USA MLM Industry Has Really Slowed Down
by Team Business For Home • • 0 Comments
Kevin Tompson, The MLM Attorney stated on his Facebook:
“I have a few random, unorganized thoughts about why the industry has really slowed down the past couple of years.”
Here they go.
Incompetent Owners:
There’s a lack of executives in the space with real business intelligence. Yes, there are some good ones (obviously). There are too many companies that are started up on shoe string budgets, they project an image of having it together, and then implode on the first signs of stress. And as an organization grows (if it grows), stress between the field and marketplace are inevitable.
Competition:
In the old days, if people wanted extra income, they had limited options. It was either invest gobs of money for advanced training (education), or sell stuff. Now, they can deliver sandwiches and earn a few hundred dollars a month. The impact of the gig economy is real.
There’s always been a perennial debate in our business on what works better: selling part-time income or “the dream.” It turns out there’s an enormous market of people that just want to earn a little extra scratch. They could care less about big money.
Incompetent Owners (again):
Too many owners cut deals to draw networkers from other companies only to turn
Hot Business News Today
The 500 Largest Direct Sales Companies In The World 2024
by Van-Ons • • 0 Comments
This list is in $USA and in real time, meaning if we validate / add / adjust the revenue for a company this list will be updated and the ranking will change instantly.
Below figures are “What we know now”, and based on 2023 revenue, this list will be updated regular.
We receive this revenue numbers from CEO’s and CFO’s or through other reliable sources such as Top Leaders or (former) employees and Direct Selling News.
For a number of private companies we have estimated the revenue based on public information, (former) top distributors (former) executives, or other sources, and we estimate on the low side.
If you want to share information or adjust below revenue, please log a support ticket. Since 15 years we handle information confidential and NEVER reveal our sources.
Disclaimer
While we have used our reasonable efforts to ensure the accuracy of the data used in this website, data should be read as indicative of magnitude rather than exact figures. Business For Home BV has made every attempt to ensure the accuracy and reliability of the information provided on this website. However, the information is provided “as is” without warranty of any kind. Business For Home BV does not accept any responsibility or
Hot Business News Today
Mannatech Announces Retirement Of Al Bala
by Team Business For Home • • 0 Comments
Landen Fredrick Promoted To President And CEO
Mannatech, Incorporated (NASDAQ: MTEX) reported that Alfredo (Al) Bala, announced his retirement as the company’s CEO effective April 1, 2024.
J. Stanley Fredrick, Chairman of the Board of Mannatech, Incorporated stated,
“Al will continue to serve the company as an advisor focused on customer acquisition and sales growth. This transition enables Al to work more closely with our associates in the field which has always been his first love.
In this new role, Al will also focus on field and leadership development, leveraging his 43 years of experience in direct sales at both the field and corporate level helping to create and develop programs dedicated to growing people and sales.”
Mr. Fredrick further stated,
“Coinciding with Al’s retirement, I am pleased to announce the promotion of Landen Fredrick to the position of President and CEO. Landen’s succession to the CEO position was made possible by Al’s mentorship over the past few years where Landen served as President and Chief Operating Officer.
As CEO, Landen will oversee the senior executive team and the team of general managers over our international markets, driving operational excellence, and executing the company’s strategic initiatives.”
Tyler Rameson, a member of Mannatech’s Board of Directors, and