Oriflame?s Russia Sales Stabilize After Reward Plan Change

  |   05 November, 2014   |   310   |   3980

Oriflame Cosmetics SA (ORI)’s Russian sales stabilized in the third quarter after the beauty products retailer made changes to a compensation plan for sales representatives in the country. The stock rose the most in more than a decade.



Revenue in Russia rose 1 percent at local currency rates in the three months through September, the Luxembourg-based company said today, the first growth in more than a year. Oriflame, which gets about half of sales from the countries of the former Soviet Union, reported estimate-beating third-quarter earnings, resulting in a record share rise.