Puig targets over €8 billion in revenue by 2032 under new plan
Spain's Puig Brands targets annual revenue above €8 billion by 2032 and adjusted EBITDA above €1.8 billion, according to Reuters, as it unveiled its Vision 2032 plan.
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what happened
Spain's Puig Brands plans to lift annual revenue above €8 billion ($8.90 billion) by 2032, mostly through growth in its existing business, the beauty company told investors at its first Capital Markets Day on Wednesday, Reuters reported.
Management expects adjusted EBITDA to top €1.8 billion that year, with a margin above 22.5%, and free cash flow above €900 million. It also intends to keep the dividend at a 40% payout of profit. Gains from merging platforms and buying businesses are projected at about €80 million over three years.
Separately, two people familiar with the matter told Reuters that Puig, CVC Capital Partners and Cinven are among the bidders for Parfums de Marly, which is owned by Advent International.
why it matters
The premium fragrance market remains active for deals, which could shape how brands are valued across the sector. For investors, the key markers are revenue growth pace, margins, and how the company balances dividends with large acquisitions.
market impact
Puig shares: long-term growth targets and a possible Parfums de Marly deal are the key factors
tags
instruments
sources
- Spain's Puig targets over €8 bln in revenue under Vision 2032 plan — Reuters, 28 October 2026 at 12:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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