- All proposals submitted to the Annual General Meeting were approved, including the distribution of a total dividend of €0.377 per share.
- Marc Puig, Chairman and CEO, highlighted the company’s position as a key player in the global premium beauty industry, by virtue of its portfolio of Love Brands.
- Puig achieved a strong net revenue growth of €4,790 million in 2024, up +10.9% like-for-like (LFL) and +11.3% reported, outperforming the premium beauty market.
- In 2024, Puig delivered on all the commitments made at the time of the IPO.
Puig held today its first Annual General Meeting since becoming a listed company. The shareholders approved all the proposals submitted by the Board of Directors, including the annual accounts and management report for the 2024 financial year and the distribution of a total dividend of €0.377 per share. This is aligned with Puig’s intention for a ~40% dividend payout ratio relative to the reported net profit, in line with its track record and as guided at the time of the IPO.
Shareholders also approved the Board of Directors’ management activities for the 2024 financial year, and voted in favor of the consolidated non-financial information statement and the sustainability information, as well as the re-appointment of the auditor for 2025. The General Meeting gave a favorable advisory vote on the remuneration report and approved the Long-term Incentive Plan.
In his inaugural Annual General Meeting speech, Marc Puig, Chairman and CEO of Puig, highlighted the company’s strong positioning as a key player in the global premium beauty industry, driven by a portfolio of Love Brands. “We believe that owning our brands gives us a competitive advantage and is one of the keys to Puig’s successes over the past decades.” He added: “Our goal is to build a company that is prepared for the future and to leave a lasting legacy.”
Marc Puig underscored the company’s achievements over the past year, including “results of which we are very proud and that have enabled us to fulfil the commitments we made during the IPO process.”. “In 2024 we outperformed the premium beauty industry. We have done this for the last four years”, he added. Puig achieved record sales of €4,790 million in 2024. This represents LFL growth of +10.9%, and +11.3% on a reported basis.
For more information download the press release and visit the Annual General Meeting section.
