Full Year 2024 Puig Brands SA Earnings Call Transcript

Feb 27, 2025 / 05:15 PM GMT

Transcript

Key Points

Positve

Puig Brands SA (PUIGF) reported record net revenues of €4.8 billion, representing a double-digit growth of 10.9% like-for-like and 11.2% reported growth.
The company achieved a strong gross margin of 74.9% for 2024, a 20 basis point improvement over 2023.
Adjusted EBITDA reached €969 million, with a margin of 20.2%, slightly ahead of the guidance of 20% for 2024.
The fragrance and fashion segment showed strong momentum with €3.5 billion in net revenues, up 13.6% for the full year 2024.
Puig Brands SA (PUIGF) significantly reduced its leverage to 1.1 times net debt versus adjusted EBITDA, improving financial flexibility.

Negative

The makeup segment recorded a decrease of 1.3% in net revenue, reflecting challenges in the segment.
Charlotte Tilbury, a major contributor to the makeup segment, posted a flat performance versus 2023.
The skincare segment's operating profit margin was impacted by the integration of Dr. Barbara Stern, which had a dilutive effect.
The company faced challenges with the proliferation of dupes in the makeup category, impacting growth.
Potential tariffs of 25% from Europe to the US could impact the company's financial performance, which was not fully contemplated in the guidance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PUIGb.MC - Puig Brands SA
Full Year 2024 Puig Brands SA Earnings Call
Feb 27, 2025 / 05:15PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good evening and thank you for joining us this evening as we discuss our results for the full year that ended on December 31st, 2024. Today, we have with us our Chairman and CEO Markuch and our CFO Joanna B.

Mark and Juan will share some brief remarks on the performance, financial results, and outlook. We will then open up the line for Q&A. You will find this presentation, the press release, and other supporting regulatory documents on our website. You will also be able to access a replay of this recording shortly also on our website.

--------------------------------------------------------------------------------
Unidentified_2 [2]
---------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.