The cosmetics and fashion conglomerate, headquartered in Barcelona, registered a 7% rise in turnover for the initial three quarters of the year, attaining 3.6 billion euros (approximately 4.15 US dollars) on a comparable basis (excluding exchange rate variations).
Considering reported figures, turnover increased by 4.9% relative to the equivalent timeframe in the prior year, demonstrating disadvantageous currency shifts.
Turnover advanced to 1.297 billion euros during the third trimester, a gain of 6.1% on a like-for-like measurement and 3.2% according to reported data.
Puig promotes esteemed and upscale fragrance and beauty brands, such as Rabanne, Byredo, Uriage, Carolina Herrera, Jean Paul Gaultier, Charlotte Tillbury, Penhaligon’s, and Apivita.
The Scent & Apparel division, which represents 73% of the corporation’s earnings, experienced a more moderate expansion throughout the duration (+6.4% like-for-like, +4.1% reported). Concurrently, Cosmetics turnover (16% of the corporation’s earnings) climbed by 8.3% like-for-like (+6.4% reported), and Dermatology turnover (11% of Puig earnings) augmented by 9.2% (+8.1% reported).
“Puig produced yet another robust trimester, reinforced by persistent development spanning all commercial sectors and by the prominence of our trade names,” expressed Marc Puig, Chairman and CEO of Puig. “We are heading into the festive period with complete assurance in fulfilling our annual projections,” he appended.
