On September 6th, the Spanish beauty group PUIG released its 2024 semi annual report.
According to the financial report, from January to June 2024, PUIG’s net revenue was 2.171 billion euros (approximately 17.072 billion yuan, calculated at the exchange rate on the date of publication), a year-on-year increase of 8.5%; Gross profit of 1.647 billion euros (approximately 12.952 billion yuan), with a gross profit margin of 75.8%; Net profit of 238 million euros (approximately 1.872 billion yuan), with a net profit margin of 11%.
Among them, the net revenue of PUIG perfume business was 1.599 billion euros (about 12.574 billion yuan), the net revenue of cosmetics business was 334 million euros (about 2.626 billion yuan), and the net revenue of skin care products business was 256 million euros (about 2.013 billion yuan).
From a regional perspective, PUIG has suffered significant setbacks in APAC (Asia Pacific region), including China. In the first half of the year, the net revenue of the Asia Pacific region was 204 million euros (approximately 1.603 billion yuan), accounting for 9% of the total net revenue, with a growth rate of only 0.7%. The net revenue in EMEA (Europe, Middle East, and Africa) and the Americas was 1.154 billion euros (approximately 9.07 billion yuan) and 814 million euros (approximately 6.397 billion yuan), respectively, with growth rates of 12.1% and 8.6%.
