Puig Targets Annual Net Sales Above EUR 8 Billion by 2032

• Puig targets annual net sales above EUR 8 billion in 2032, primarily through organic growth, versus EUR 5.04 billion in 2025.
• Adjusted EBITDA margin is forecast to exceed 22.5%, up from 20.7% in 2025, implying adjusted EBITDA above EUR 1.8 billion.
• Free cash flow is expected to exceed EUR 900 million, with conversion above 50% of adjusted EBITDA.
• Platform consolidation and integration synergies are projected to generate approximately EUR 80 million in value over the next three years.
• The dividend payout target remains 40% of net income, with year-end net debt capped at 2 times adjusted EBITDA.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Puig Brands SA published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.