Puig beauty and fashion group returned to pre-pandemic growth levels in 2021, spurred by a confluence of factors, including strong gains in the U.S. and China, and from all three of its divisions.
In 2021, Puig’s net profits were 234 million euros, versus a net loss of 70 million euros the prior year. Its earnings before interest, taxes, depreciation and amortization reached 425 million euros, a 357 percent rise against 2020 and a 27 percent increase compared to 2019.The company’s net sales came in at 2.
The group noted that in 2021, its fashion and fragrance businesses combined advanced 41 percent to 1.9 billion euros, bolstered by the fragrance category’s recovery in zones such as the EMEA region and successful perfume launches, like Paco Rabanne’s Phantom and Jean Paul Gaultier’s Scandal pour Homme.
Puig’s dermocosmetics activity posted sales up 954 percent in reported terms and 18 percent on a like-for-like basis to 274 million euros. The branch, which includes Uriage, Apivita and Charlotte Tilbury, developed its presence in Europe and furthered its international reach in Asia. Puig’s sales were up 75 percent in the Americas to 839 million euros, and 60 percent to 1.5 billion euros in the EMEA zone, which showed recovery.
The group, which sells products in 150 countries and operates 27 subsidiaries, reaffirmed its aim to triple the net revenues of 2020 by 2025, as well. “We try to make sure that we have a house of brands and that each of these brands – big or small – really has a reason to be, a story to tell, a soul that you can be proud of and that can be clearly differentiated but also something worth fighting for,” Puig said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Babies Forcibly Taken From Parents in China COVID SurgeShanghai has implemented a strict separation policy between parents and children who test positive for COVID-19 as it undergoes a case surge, forcing some children—as young as infants—to sleep cushioned in cots like sardines
Weiterlesen »
Asia-Pacific Stocks Mixed; Mainland China Markets ClosedMarkets in mainland China are closed on Monday and Tuesday this week for holidays.
Weiterlesen »
China expects sharp drop in holiday travel due to COVID outbreaksChina's transport ministry expects a 20% drop in road traffic and a 55% fall in flights during the three-day Qingming holiday due to a flare-up of COVID-19 cases in the country.
Weiterlesen »
China central bank expands digital yuan pilot scheme to more citiesChina's central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year.
Weiterlesen »
White House stands by president's claim that Hunter Biden didn’t profit off ChinaThe White House is standing by then-candidate JoeBiden’s October 2020 assertion that his son had not made money in China despite clear evidence that his son had received millions from Chinese businessmen.
Weiterlesen »