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Puig Q3 Sales Hit €1.30 Billion as Growth Slows, Full-Year Outlook Reaffirmed

The company enters the holiday quarter citing FX pressure and softer fragrance demand.

Overview

  • Third-quarter revenue reached €1,297 million, up 3.2% year on year, or 6.1% on a comparable basis excluding currency effects.
  • Sales for the first nine months rose to €3,596 million, a 4.9% increase reported and roughly 7% in comparable growth.
  • Fragrances and fashion, which account for most of revenue, were flat at about €932.4 million in the quarter, while makeup and skincare posted strong gains supported by Charlotte Tilbury, expanded Amazon US distribution, and new skincare launches.
  • Regional performance diverged, with Asia–Pacific up 28.5% in Q3 and the Americas down 2.7% reported, though the Americas grew 2.3% on a comparable basis.
  • Management maintained its 2025 sales growth target of 6% to 8% and flagged a solid start to the fourth quarter, with shares still more than 40% below their May 2024 IPO level.