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Puig Plans To Exceed €8 Bln In Net Revenues By 2032

By Reuters News

Oct 28 (Reuters) - Puig Brands, S.A. PUIGb.MC:

  • TARGETS ADJUSTED EBITDA MARGIN ABOVE 22.5% IN 2032

  • PRESENTS VISION 2032, ITS ROADMAP TO EXCEED €8BN IN NET REVENUES THROUGH PROFITABLE GROWTH

  • AMBITION TO EXCEED €8 BILLION IN ANNUAL NET REVENUES BY 2032

  • TO MAINTAIN DIVIDEND PAYOUT RATIO OF 40% OF NET PROFIT AND MAX LEVERAGE OF 2.0X

  • TARGETS FREE CASH FLOW CONVERSION ABOVE 50% OF ADJUSTED EBITDA IN 2032

  • FREE CASH FLOW CONVERSION TARGET ABOVE 50% OF ADJUSTED EBITDA, REPRESENTING OVER €900 MILLION OF FREE CASH FLOW IN 2032

  • AIMS TO BE TOP FOUR GLOBAL PREMIUM BEAUTY COMPANY AND TOP TWO IN FRAGRANCES BY 2032

  • ISDIN, URIAGE AND APIVITA WOULD FORM A DERMO-COSMETICS PLATFORM WITH MORE THAN €1 BILLION IN PRO FORMA NET REVENUES

  • CHARLOTTE TILBURY BRAND AIMS TO MULTIPLY ITS BUSINESS BY 1.5X BY 2032

  • PLANS TO DEVELOP CAROLINA HERRERA AS TWO-AXIS BEAUTY BRAND BY CONTINUING TO GROW FRAGRANCE WHILE EXPANDING MAKEUP

Further company coverage: [PUIGb.MC]

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