{"id":160308,"date":"2025-02-28T12:41:18","date_gmt":"2025-02-28T11:41:18","guid":{"rendered":"https:\/\/luxus-plus.com\/?p=160308"},"modified":"2025-03-11T09:50:06","modified_gmt":"2025-03-11T08:50:06","slug":"puig-record-results-for-2024-but-caution-for-2025","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/puig-record-results-for-2024-but-caution-for-2025\/","title":{"rendered":"Puig : record results for 2024 but caution for 2025"},"content":{"rendered":"

Buoyed by record sales in 2024, buoyed by Perfumes, the Catalan beauty specialist also achieved a higher than expected net profit. This was despite the high costs of its IPO on 3 May.<\/h4>\n

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After a record year in 2024<\/b>, Puig expects 2025 to be more complicated.<\/b><\/p>\n

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The Catalan beauty and perfume specialist<\/b>, founded in 1914, has just unveiled highly satisfactory results for 2024<\/b> that exceed market expectations.<\/b><\/p>\n

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Its net profit<\/b> grew by 14%<\/b> to 531 million euros last year, while analysts quoted by financial information provider Factset<\/b> only expected an average of 492 million euros.<\/p>\n

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An expensive IPO<\/h2>\n

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The performance of the group, which brings together brands such as Paco Rabanne, Jean-Paul Gaultier, Carolina Herrera and Charlotte Tilbury and licences such as Christian Louboutin and Adolfo Dominguez<\/b>, is all the more commendable as it includes the significant costs of its IPO on 3 May<\/b>, estimated at 119.7 million euros. With this operation, the group, which is still 71.7% owned by the Puig family, which holds 92.5% of the voting<\/b> rights, gave itself the means, according to its CEO, to establish a \u2018market discipline\u2019 and to facilitate the transfer from one generation to the next.<\/p>\n

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\u2018Our rigour and discipline have enabled us to improve our profitability and offset these exceptional<\/b> costs, or to offset exceptional costs such as the IPO bonus granted to all Puig employees in recognition of their significant contribution over the years,\u2019 said Marc Puig, the group’s CEO,<\/b> in a press release.<\/p>\n

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After a record turnover in 2024, 2025 less buoyant<\/h2>\n

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