Catalan multinational perfume company Puig earns €247 million up to June, up 4%.
The group's sales grew by almost 6% in the first half of the year.
BarcelonaPuig continues to grow during its new phase as a listed company. The Catalan multinational perfume company achieved an adjusted net profit of €247 million during the first half of the year, a 3.9% increase compared to the same period last year, according to a report this Tuesday through the National Securities Market Commission (CNMV). Group sales reached €2.299 billion, representing an increase of 5.9% and, according to the company, a growth rate that is above the rest of the premium beauty market.
On this occasion, the group has announced its full financial results, unlike last July when it only did so partially. Puig's chairman and CEO, Marc Puig, boasted of the "strong growth in all regions" during the first half of the year, which he considers a "reflection of the good health of our brands." Once again, the fragrance and fashion segment boosted the company's results, with a 6.5% increase in revenue to €1,684.7 million. Following this split, the makeup sector contributed €339 million, a moderate increase of 1.4%, after recovering from a weaker first few months. Finally, the skincare business contributed €275.5 million, an increase of 8.1%.
Puig also emphasized that the second half of the year is the busiest period for the multinational, as it coincides with the Christmas campaign and will include the launch of Carolina Herrera's new fragrance, Bomba. "The attractiveness of our brands, along with our continued cost discipline, allows us to invest in them to support their long-term growth. This reinforces our confidence in reiterating our forecasts for 2025," stated its president.
New position at the top of the board
Puig also took advantage of the presentation of its half-year results to announce a change at the top. This involves the appointment of José Manuel Albesa as Deputy CEO, a newly created position. From now on, he will lead all divisions and report directly to Marc Puig. The group's CEO emphasized that Albesa, who will combine this responsibility with the presidency of Beauty and Fashion, "is the ideal person for this new position."