Puig Brands, S.A. (PUIGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, and thank you for joining us as we discuss our sales update for the third quarter of the fiscal year 2025 that ended on September 30th, 2025. Today, we are joined by our Chairman and CEO, Mark Pooch, and our CFO, Joan Albiol. Mark will share some brief remarks, and then we will open up the line for Q&A. You will find this presentation and the press release on our website. And you will also be able to access a replay of this recording on our website after the event. Good evening, everyone. It is good to speak to you all for our third quarter update for the fiscal year 2025. We are pleased to report that Putsch has delivered another strong quarter, demonstrating the consistent execution and resilience of our brand portfolio in a dynamic market. These results reflect our consistent delivery which we set out to achieve at the start of the year. Let's turn to the details of the update. We have delivered a strong performance for the first nine months of 2025, which has resulted in net revenue of nearly 3.6 billion euros. This represents 7% like-for-like growth and a 4.9% increase on a reported basis, reflecting continued foreign exchange headwinds. This performance is a result of all three of our business segments delivering within or above our full year growth outlook of 6% to 8%. In the third quarter, continue to deliver a steady performance, reaching net revenue of 1.3 billion euros. This represents a 6.1% like-for-like growth and 3.2% on a reported basis, ahead of the global premium beauty market. These results reflect our disciplined management and the sustained desirability of our brands as we enter the most important trading period of the year, even as we lap a very strong Q3 from last year. Let me share some more color on the performance of each of ou...