THE WHAT? Oriflame is being hit by the repercussions of Russia’s invasion of Ukraine, with Russia cutting off gas to Poland, said to have a large impact on cashflow generation, according to IFR.com.
THE DETAILS Oriflame stopped exports from its second largest manufacturing plant, located in Russia, to its international warehouses, relocating much of its manufacturing to Poland, as well as China and India.
THE WHY? The direct sales beauty company is now suffering from Russia’s retaliation to Poland refusing to pay for natural gas in roubles, with the country having cut off supply to Poland, as well as Bulgaria.
Credit analysts at Spread Research, said, “In our view, the recent news about the cut-off of gas supply to Poland could significantly impact the production in Poland and have severe consequences on product availability for Oriflame, as this plant notably serves the entire European market.
“Because of the possibility of a major impact on Oriflame’s cashflow generation for the rest of the year in the event that production slows down in its plant in Poland, we reiterate our sell recommendation on the [euro] bonds.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
