The Spanish fashion and cosmetics group Puig SL closed the 2022 financial year with strong growth in sales and profits. The parent company of brands such as Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier and Dries Van Noten announced on Thursday that sales had increased significantly in all market regions.
Last year, group sales amounted to EUR 3.62 billion, exceeding the 2021 level by 40 percent. Adjusted for exchange rate changes and acquisitions, revenues grew by 30 percent.
Business in America developed most dynamically. There, Puig managed to increase sales by 56 percent to 1.31 billion euros. In the EMEA region, which includes Europe, the Middle East and Africa, sales increased by 31 percent to 1.96 billion euros, in Asia by 41 percent to 349 million euros. The newly acquired brands Byredo, Loto del Sur and Kama Ayurveda also contributed to the significant growth.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 638 million euros, which corresponds to an increase of 37 percent compared to the previous year. The net profit even grew by 71 percent to 400 million euros.