Confirms FY guidance (Il Sole 24 Ore Radiocor) - Madrid, 06 Sep - The Spanish cosmetics and fragrance group Puig said that in the first half of 2024 revenue rose 9.6% to 2.2 billion euros, with like-for-like sales up 8.5% But, net profit fell to 153.8 million euros from 209.2 million euros a year earlier due to one-off costs linked to its initial public offering.

Adjusted net profit rose 4.8% to 238 million euros.

Adjusted EBITDA was up 7.4% at 410 million euros, resulting in an 18.9% adjusted EBITDA margin.

The group maintained its guidance of high single-digit like-for-like growth for revenue in the medium term and adjusted EBITDA margin remaining stable in 2024, with upside potential in the medium term.

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(RADIOCOR) 06-09-24 10:47:55 (0235) 5 NNNN