Puig maintains outlook after opening 12 months with gross sales improve of seven.eight %

Madrid – Even with an unprecedented blackout and issues in communications networks within the historical past of Spain, the Puig Multinational Style and Magnificence responded to its scheduled assembly with traders. As deliberate, he introduced the gross sales figures recorded through the first quarter of his new fiscal 12 months of 2025 on Monday, after the markets closed. The Spanish firm closed this era in an upward pattern once more. After this robust efficiency, they’ve confirmed their present perspective for this new 12 months.

Based mostly on the knowledge offered by the administration of the Spanish trend and wonder multinational, Puig reported whole gross sales of 1,206 million euros for the primary quarter of 2025. This determine represents a rise of seven.87 % in comparison with the 1,118 million euros recorded throughout the identical interval final 12 months. This proportion would lower to 7.5 % when it comes to scope and fixed change charges.

“We have now begun 2025 with drive and proceed to develop above the Premium magnificence market,” stated Marc Puig, govt director of Puig, in a press release issued by the Spanish firm administration. Analyzing this motion, “as soon as once more, our essential phase, ‘fragrances and trend’, has led our end result, which demonstrates the power of our ‘status’ and ‘area of interest’ manufacturers, in addition to the attractiveness and resistance of our portfolio.” He added: “We’re additionally happy to see progress in all areas, with larger efficiency within the Americas.” Lastly, the chief director concluded: “Trying in the direction of the long run, we preserve our perspective for 2025, regardless of a fancy macroeconomic context.”

Lower in ‘make-up’ with ‘fragrances and trend’ and American as essential drivers

Analyzing in better element the efficiency registered through the first quarter of 2025, for the enterprise space, the ‘Fragrances and Style Division’ registered a rise in gross sales to 896.four million euros (plus 10.36 %), which represents 74 % of the whole billing. In distinction, the ‘make-up division’ registered a destructive progress, with a lower in gross sales to 165.three million euros (much less four.22 %), which represents 14 % of the whole. The ‘skincare division’ grew in turnover to 144.2 million euros (plus 7.85 %), which represents the remaining 12 % of Puig’s quarterly internet gross sales.

Concerning the corporate’s efficiency, the multinational skilled generalized progress. The area of Europe, the Center East and Africa (EMEA) remained its essential supply of earnings, and gross sales elevated to 643.eight million euros (plus four.34 %), 53 % of its whole turnover. This progress was comfortably exceeded by that registered within the Americas, and gross sales rose to 451 million euros (plus 11.52 %), which represents 37 % of the billing. The Asia-Pacific area, regardless of being the smallest within the firm’s accounts, which represents solely 9 %, skilled the very best progress, with gross sales rising to 111.1 million euros (plus 14.53 %). This was because of the robust efficiency registered within the South Korean and Japanese markets, the place Puig has opened subsidiaries.

Value improve in america

Trying in the direction of the remainder of the 12 months, and making an allowance for the potential affect that US tariffs might have on the corporate’s profitability, on the presently predicted ranges, Puig has confirmed its perspective by 2025. The corporate is predicting the expansion of gross sales of between 6 and extra eight %, at fixed charges of scope and change. Additionally they predict a rise in adjusted income earlier than curiosity, taxes, depreciation and amortization (EBITDA) according to the one skilled within the 2024 monetary 12 months, during which it elevated greater than 12.three % to 969 million euros.

Along with these forecasts, additionally they confirmed their intention to suggest the approval of the cost of 212 million euros in dividends within the subsequent basic assembly of shareholders, scheduled for Could 28. This will likely be charged to accounts 2024. Additionally they plan to launch a number of initiatives to “mitigate the attainable affect on profitability” that might come up from the “affect of US charges”, together with “a average worth improve within the area,” as Marc Puig introduced on the finish of March.