Puig obtained record revenues of 3,600 million euros in the 2022 financial year, with a growth of 40% compared to the previous year, and a net profit of 400 million, which represents 71% more. The executive president of the beauty, fragrance and fashion company, Marc Puig, spoke yesterday of “extraordinary” results in the presentation of these figures, which have exceeded the ambitious forecasts set by the group for 2021.
The group maintains the objective of reaching a turnover of 4,500 million in 2025, and expects a new double-digit growth this year. Despite the international uncertainty, Marc Puig declared himself optimistic regarding the evolution of the business in 2023 and said that in the first months of the year “we have not seen any sign of slowdown”.
The president of Puig also wanted to highlight the company’s commitment to Barcelona, ??where they maintain their headquarters, which “has not prevented our international development”, he stressed. The company, which 20 years ago decided to change its strategy to focus on fashion and selective perfumery, in addition to making a firm commitment to its own brands, today has a presence throughout Europe, Asia and America. The United States is, in fact, its first market, followed by the United Kingdom and Spain, which today contributes 7% of sales.
95% of the company’s sales come from its own brands, including Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Dries Van Noten and Nina Ricci (in fashion and perfumes), as well as Charlotte Tilbury, Uriage and Apivita (in beauty and cosmetic treatment). The brand portfolio grew significantly last year with the purchase of a majority stake in the Swedish luxury firm Byredo, and the incorporation of the brands Kama Ayurveda (India) and Loto del Sur (Colombia).
