Puig Brands, S.A. (PUIGF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and thank you for joining us as we discuss our sales update for Q1 2026 that ended on the 31st of March 2026. Today we have with us our Chief Executive Officer Jose Manuel Albeza and our Chief Financial Officer Miguel Angel Serra. Jose Manuel will share some brief remarks and then we will open up the line for Q&A. The presentation and the press release are available on our website, where you will also be able to access a recording of the call after the event. José Manuel, the floor is yours. Thank you, Varenia, and good evening. It's my pleasure to be delivering my first earning call today as the CEO of Puts. Before we get into our comments about Q1, I wanted to address what is likely front of mind for most of you. On the 23rd of March, Putsch confirmed ongoing discussion regarding a potential business combination with Stillother, in which the two companies will potentially merge their business. As of today, we can confirm that conversations are ongoing, but no final decision has been made yet. We acknowledge that there is a lot of curiosity about the progress of these discussions. However, unless an agreement is reached, there can be no assurance regarding the transaction or the terms. And therefore, at this stage, we cannot comment further on this evolving situation. With that being said, I will turn to our Q1 update. We are pleased to report that we have delivered record Q1 sales and a solid start to the year, continuing our tradition of outperforming the premium beauty market as we have done consistently for each of the last five years, including each of the last eight quarters as a public company. Let's turn to the details. We have delivered a solid performance for the first quarter of 2026, which has resulted in a record net revenue of 1.215 billio...