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Puig reported €1,935 million in net revenues for 2017, which represents an increase of 8.1% in reported net revenues and a 8.6% rise on a like-for-like and constant currency basis. Profit before tax represented 16% of net revenues. Net income rose to €228 million, or 12% of revenues. Revenues grew by 28% over the past three years, an increase above the industry average and in line with the company’s plan for the period. The profitability of the company has reached record levels.
In 2017, 15% of revenues were generated in Spain (where the company grew by 7%) and 85% in other countries throughout the rest of the world. Emerging markets outside of North America and the European Union accounted for 44% of the company’s business.
Puig had 4,472 employees in 2017, 39% of whom worked in Spain. Puig currently sells its products in more than 150 countries and has subsidiaries in 26 of them.
The company is launching Puig Futures, a platform devised to capture innovative projects that will strengthen its leadership position in the expanding fragrance sector.