Puig, the Spanish beauty and fashion giant, has reported a remarkable surge in revenue for 2022, with net revenues reaching € 3.62 billion, up 40 percent from the previous year.
Puig’s impressive growth has been propelled by its top-performing categories – fashion and fragrances – which contributed 74 percent of its net revenue. Puig’s brand portfolio includes some of the renowned fashion brands such as Carolina Herrera, Paco Rabanne, Jean-Paul Gautlier, Dries Van Noten, Nina Ricci.
EMEA emerged as Puig’s highest-performing region, representing 54 percent of net revenue. Puig’s net income increased by 71 percent to € 400 million in 2022, while its EBITDA rose by 37 percent to € 638 million.
These positive results have positioned Puig strongly to achieve its goal of € 4.5 billion in revenue by 2025. Puig’s acquisition of a majority stake in Swedish luxury brand Byredo and the incorporation of wellness brands Kama Ayurveda and Loto del Sur were some of the group’s major moves in 2022.
Despite uncertainties in the outlook for 2023, Puig has forecasted continued growth ahead of the market for the upcoming financial year, backed by its strong performance in the first two months of the year.
