The upcoming stock market debut of the Puig Group in 2024 is generating significant buzz, with early assessments anticipating a valuation surpassing €10 billion. As a key player in the Spanish cosmetics and fashion landscape, Puig closed 2022 with a robust EBITDA of €638 million.
Initial estimates suggest that applying the average sector valuation could propel Puig’s market value to €11.484 billion, with a net value of €10.5 billion after deducting the €961 million debt from 2021. Industry experts believe this figure could climb to €12 billion, contingent on Puig’s performance in 2023 and its positioning among investors alongside industry giants like LVMH and Kering.
With the Puig family’s family office, Exea, holding 89% of shares and a strategic portfolio expansion through acquisitions, including Charlotte Tilbury, Byredo, and Kama Ayurveda, Puig is poised for a landmark stock market entry. To meet regulatory requirements, Puig aims for a market sale of 25%, targeting an operation capital between €2.5 and €3 billion.
The company’s strong financial standing, marked by €3.6 billion in revenues and a €400 million profit in 2022, positions Puig as a significant player in the market, signaling a promising chapter in its corporate trajectory. Stay tuned for updates on this exciting development in Spain’s corporate landscape.
