Puig grows by 40% and obtains a record income of 3,600 million

Puig obtained file revenues of three.

Puig obtained file revenues of 3.6 billion euros within the 2022 monetary 12 months, with a development of 40% in comparison with the earlier 12 months, and a web revenue of 400 million, which represents a rise of 71 %. The chief president of the sweetness, perfume and trend firm, Marc Puig, spoke yesterday of "extraordinary" leads to the presentation of those figures, which have exceeded the bold forecasts set by the group in 2021.

The corporate, which maintains its household character, reaffirms its aim of reaching a turnover of 4,500 million by 2025, and this 12 months expects new double-digit development. Regardless of the context of worldwide uncertainty marked by the conflict in Ukraine, the impression of inflation and the rise of rates of interest, Marc Puig declared himself optimistic in regards to the evolution of the enterprise in 2023 and mentioned that within the first months of the 12 months "we've not seen any signal of slowing down" of the market.

After the controversy over the switch of Ferrovial's headquarters to the Netherlands, President de Puig additionally needed to spotlight the corporate's dedication to Barcelona, ​​the place they keep their headquarters, which "has not hindered our worldwide growth", he confused .

The corporate, which 20 years in the past determined to vary its technique to concentrate on trend and selective perfumery, along with making a decided wager by itself manufacturers, right now has a presence all through Europe, Asia and America. The USA is, in truth, the primary market, adopted by the UK and Spain, which right now accounts for 7% of world gross sales (20 years in the past it represented 50%).

95% of the corporate's turnover comes from its personal manufacturers, which embrace Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Dries Van Noten and Nina Ricci (in trend and perfumes), along with Charlotte Tilbury, Uriage and Apivita (in magnificence and beauty remedy), amongst others. The portfolio of manufacturers grew considerably final 12 months with the acquisition of a majority stake within the Swedish luxurious agency Byredo, and the addition of the wellness manufacturers Kama Ayurveda (India) and Loto del Sur (Colombia).

Marc Puig emphasised that the acquisitions of the previous couple of years have primarily been financed with personal sources and specified that the web debt stands at 1,015 million euros, in opposition to an ebitda of 638 million in 2022. The corporate doesn't foresee new operations of buy this 12 months, to consolidate the inorganic development of latest years, though "we proceed to take heed to the market in case any alternative presents itself".

Within the class of fragrances and trend, which accounts for 74% of Puig's enterprise, the corporate additionally managed to attain a ten% world market share final 12 months within the phase of selective distribution fragrances due to the power of their very own manufacturers. The make-up enterprise, nevertheless, grew probably the most, with a 52% improve following the 2020 acquisition of Britain's Charlotte Tilbury.

With a world workforce of 10,000 folks and its personal places of work in 30 international locations, Puig plans to occupy a second constructing in Plaça Europa de l'Hospitalet, in entrance of its present headquarters, from the autumn of this 12 months, the place it should find the middle of 'innovation.