Puig announces sales increase of 12% in 2011
Net revenues total €1,343m
Puig has announced that last year its sales increased by 12% and profit by 19%, resulting in net revenues totaling €1,343m.
Over the past four years, Puig has increased its market share in the selective perfumery sector from 5.1% in 2007 to 7.6% in 2011, consolidating its position at number seven in the world perfumery ranking. Its operating profit represents 15.7% of net revenues, and rose from €184m in 2010 to €210m in 2011.
Looking ahead, Puig expects to surpass €1,400m in net revenues in 2012, with double-digit growth in international markets and single-digit decreases in the domestic market. Its sales have already grown by 20% in the first quarter of the year.