Puig Brands, S.A. (PUIGF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us this morning for the presentation of our results for the first half of 2024, our first presentation as a public company. Today, we have with us our Chairman and CEO, Mark Butch, and our CFO, Joan Albiol. Mark will share an update on the business through the lens of our performance during the first half of 2024 and our expectations for the rest of the year. Joan will comment in great detail on our financial results. Good morning, everyone. Today we present our first ever earnings call as a publicly listed company, which we have been looking forward to. We have had an eventual first half of the year, as you know, most notably punctuated by the milestone of the IPO, an achievement that required a big effort from our teams. But first, let me remind you the strength of our portfolio of love brands. Our brands operate across three business segments, fragrance and fashion, makeup, and skincare. And three of these brands, Rabanne, Carolina Herrera, and Charlotte Tilbury, with a one billion euro ambition. Today, our own brands represent 96% of the net revenues from our love brands. Shortly, I will walk you through the performance of the business for the last six months and tell you why I am confident in the outlook for the rest of this year. To start with, we have a short video that summarizes the highlights of our performance over the first half and speaks about our commitment to innovation and creativity while maintaining the values that have defined Putsch for the last 110 years. We're pleased to report Robo's first half of 2024, demonstrating the success of our strategic choices. We're driven by a focus on premium beauty while prioritizing our own brands, building a unique niche fragrance portfolio and successfully diversifying i...