As a family business with long-term vision, sustainability is a part of the Puig DNA and of the company’s way of doing business.
Puig, leader in unique beauty and fashion brands, achieved net revenues of 2,585 million euros in 2021, representing an increase of 68% compared to 2020 and 27% compared to 2019.
The incorporation of the Derma division and Charlotte Tilbury(1) as part of the Puig perimeter contributed to this growth. The recovery of the markets in EMEA and the growth of the business in the US and Asia also had a positive impact on results.
The three-year plan presented in 2020 pointed to revenues of 3,000 million euros in 2023. Thanks to the growth achieved in 2021, 2022 is on track to exceed this figure, as well as the 500 million euros of EBITDA, a year earlier than planned. Likewise, the company has reaffirmed its ambition to triple the net revenues of 2020 by 2025.
Puig is committed to being one of the most respected companies in the industry on issues related to the environment, society and governance. For this reason, in 2021 the company launched its 2030 ESG Agenda which redefines the roadmap for the coming years.
The new Agenda will help limit global warming to 1.5 ºC by 2030.
Aware of the magnitude of the challenges that the company faces, Puig has created several governance mechanisms to guarantee the success of the 2030 ESG Agenda: the ESG committee, which reports to the Board of Directors; the position of CSO (Chief Sustainability Officer); and the ESG Team, in charge of the monthly monitoring of strategy and the fulfillment of objectives.
(1) Charlotte Tilbury was acquired by Puig in June 2020.