Puig Brands, S.A. (PUIG) Earnings Call Transcripts

Puig Brands, S.A.'s Latest Earnings Call - May 29, 2026

In the Annual General Shareholders Meeting held on May 29, 2026, Puig Brands, S.A. reported record revenues surpassing EUR 5 billion for the fiscal year 2025, marking a 7.8% like-for-like growth and a 5.3% reported growth. The company maintained its commitment to a dividend payout of EUR 237 million, representing 40% of net profit. Management signaled confidence in continued growth and profitability, with an expectation of stable adjusted EBITDA margins for 2026, despite external challenges.

Reported metrics

Guidance from management

For 2026, Puig expects to maintain stable adjusted EBITDA margins and continue its commitment to a 40% dividend payout ratio. The company is focused on strategic growth while navigating external challenges such as tariffs and foreign exchange volatility.

What management said

Good morning, ladies and gentlemen, shareholders. I must ask whether there are any reservations or objections concerning the statements regarding the number of shareholders in attendance or the share capital represented. And I remind attending shareholders that the attendance platform provides a link through which they may submit any such reservations or objections to this notary so that they may be recorded in the m...

We now inform you that there is a second intervention statement from shareholder, Mr. [indiscernible] regarding the latest communications published by the CMG concerning the discussions with the state companies. In particularly, he asked whether we believe that Estee Lauder may have undertaken the failed negotiation to promote itself in the market and positively impact its stock. I will now give the floor to the Chai...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of geopolitical tensions and foreign exchange volatility on future profitability. There were also questions about the implications of the terminated M&A discussions on the company's strategic direction.

Main topics on the call

• Record Revenue Achievement — Puig achieved record sales surpassing EUR 5 billion in 2025, representing a 7.8% like-for-like growth. This performance exceeded the company's previous guidance of 6% to 8% growth, showcasing strong demand across its bra...
• Leadership Transition — The company announced a leadership transition with Marc Puig stepping down as CEO to become Executive Chairman, while Jose Manuel Muniesa was appointed as the new CEO. This change aims to strengthen governance and operat...
• M&A Discussions with Estee Lauder — Management disclosed that discussions with Estee Lauder regarding a potential business combination were terminated as they could not reach an agreement on governance and economic terms. Marc Puig emphasized, "We are not ...
• Sustainability Commitments — Puig reiterated its commitment to sustainability, aiming for net-zero emissions by 2050 and supporting global warming limits of 1.5 degrees by 2030. This aligns with the company's long-term vision and values.

Read the full Puig Brands, S.A. transcript (May 29, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Puig Brands, S.A. earnings call transcripts on record, spanning September 10, 2024 to May 29, 2026. Based on this history, Puig Brands, S.A. reports quarterly. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PUIG

Exchange

BME

Country

ES

Sector

Consumer Staples

Industry

Personal Care Products

Calls on record

8

First call

September 10, 2024

Most recent

May 29, 2026

Reporting cadence

quarterly