A perfume to be crunched
In 2018, Puig reported €1,933 million in net revenues, a figure very similar to the previous year, and a reported 5% increase on a like-for-like and constant currency and accounting rules basis.
Profit before tax represented 17% of net revenues. Net income reached to €242 million, or 13% of net revenues.
14% of revenues were generated in Spain and 86% in other countries throughout the rest of the world. Emerging markets outside of North America and the European Union accounted for 41% of the company’s business.
All Puig fragrances are manufactured in the company’s production centers in Spain and France.
Puig currently sells its products in more than 150 countries and has affiliates in 26 of them.
The company’s goal going forward is to generate revenues of 3 billion euros by 2025.