The Catalan perfume and beauty specialist, which has been listed on the stock exchange since last year, posted growth in all regions and divisions in the first quarter, with the exception of makeup. However, it is maintaining its downward forecast for 2025 as a whole, taking into account the impact of possible US tariffs and a challenging global economic environment.
After a 2024 marked by both record sales and its IPO, Puig is off to a good start in 2025.
The Barcelona-based beauty and perfume specialist once again exceeded investor expectations, with sales up 8% to €1.206 billion (up 7.5% on a comparable basis). This is better than the €1.19 billion predicted by the FactSet consensus.
Excellent start
“We have made an excellent start to 2025, continuing to outperform the premium beauty market,” said Marc Puig, CEO of Puig. Once again, our largest segment—fragrances and fashion—is the best performer, demonstrating the strength of our prestige and niche brands, as well as the desirability and resilience of our portfolio. We are also pleased to see growth in all regions, with the Americas being the best performer.” This is a good start, allowing the group to maintain its “2025 outlook despite a challenging global macroeconomic environment.”
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Read also > Puig posts record 2024 sales
Featured photo: © Rabanne
