Puig drops 13.65% on the stock market after presenting its first results as a listed company

September 6 () –

The luxury and perfumery group Puig has fallen on the stock market this Friday by 13.65%, leaving the share at 21.2 euros, after having presented its first accounts since joining the Ibex 35.

This week, the value has lost 16.4%, leaving the market capitalisation at 12.045 billion euros. During this week, Puig has been the most bearish value within the Ibex.

The current price of Puig shares is 3.3 euros lower than the 24.5 euros set for its stock market debut.

This Friday, the group reported that it obtained a net profit of 154 million euros in the first half of the year, 27% lower than in the same period in 2023. In this context, Puig has attributed the decrease in its net profit to the exceptional costs derived from its IPO, as well as acquisition and merger expenses and other adjustments, which amounted to 84 million euros after taxes.

The main adjustment was the extraordinary cash bonus of 94 million euros awarded to all company employees on the occasion of its launch on the stock market.

However, Puig’s adjusted net profit grew by 4.8% in the first half of the year, reaching 238 million euros.

The cosmetics company achieved net sales of 2.171 billion euros in the first half of the year, 9.6% more than in the same period last year.