Financial results 2016 (pdf)

Puig Net Revenues reached €1,790 Million in 2016, which represents a growth of 9% in reported net revenues and a 5% rise on a like-for-like and constant currency basis. Profit Before Tax represented 12% of Net Revenues. Net Income reached €155 million, or 9% of revenues.

In 2016, 15% of revenues were generated in Spain and 85% in the rest of the world. Emerging markets outside the European Union and North America accounted for 44% of the company’s business.

Puig had 4,430 employees in 2016, 40% of whom worked in Spain. The company currently sells its products in more than 150 countries and has subsidiaries in 22 of them.

Growth in alcohol-based perfumes in 2016 was driven by the integration of Jean Paul Gaultier and the launches of L’Homme and La Femme by Prada, Luna by Nina Ricci, and Good Girl by Carolina Herrera.

In April 2016 Puig acquired a minority stake in EB Florals, a niche fragrance company based in Los Angeles created by celebrity florist Eric Buterbaugh. Puig also acquired a minority stake in Granado in September 2016. This Brazilian company founded in 1870, which is a pioneer in the production of high-quality natural preparations, owns two of Brazil’s most iconic and traditional brands, Granado and Phebo.

Puig continues to become more international with the creation of new owned subsidiaries, one in Colombia and another in Australia. The company has also entered into a joint venture based in Singapore with Luxasia, one of the biggest distributors in the Asian market, to consolidate its operations in South-East Asia.

Revenues grew by 13% during the first quarter of 2017. The company is making steady progress towards its goal of boosting revenues by 33% during the period 2015-2017, moving up from €1,500 Million reported at the end of 2014 to a forecasted €2 Billion for 2017 while continuing to improve its profitability ratios.

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