Puig – a global premium beauty player with a curated portfolio of beauty and fashion brands – closed 2023 with record net revenues of 4,304 million euros, an increase of 19% on 2022 (also +19% comparable perimeter and with constant exchange rates), with double-digit growth across all segments and geographies.
The company reached an EBITDA of 849 million euros, a 33% increase on 2022, representing an EBITDA margin of 20%. Net profit rose to 465 million euros, up 16% compared to the previous year.
Puig achieved these record results due to above-market growth across all segments and geographies and despite a challenging economic environment marked by geopolitical tensions and rising interest rates.
The company continued to gain market share, reaching 11% in the selective distribution fragrance business worldwide, marking a key milestone in its history.
These results are significantly ahead of the company’s plan, established in 2021, to reach 3,000 million euros in revenues in 2023.