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. Corporate profitability 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.