In its first year as a listed company, Puig closed 2024 with solid financial results, exceeding market expectations. The company recorded a net profit of 531 million euros, representing an increase of 14.1% compared to the previous year, despite the extraordinary costs associated with its IPO.
Net sales reached 4.79 billion euros, an increase of 11.3% compared to 2023, mainly driven by the strong performance of its fragrances and fashion division, which generated revenues of 3.538 billion euros, 13.6% more than the previous year. The skincare division also showed a notable growth of 19.8%, while the makeup segment experienced a slight decrease of 1.3%, attributed to factors such as the withdrawal of certain products and a high comparative base.
The company's adjusted EBITDA increased by 12.3%, standing at 969 million euros, and net debt was reduced by 442 million, reaching 1.068 billion euros, reflecting solid financial discipline.
For 2025, Puig maintains an optimistic outlook, anticipating net revenue growth between 6% and 8%, and continues to focus on strengthening its position in the global premium beauty market.