Puig Fiscal 2021 Results Beat Pre-pandemic Figures

Apr 4th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

Puig reported its net income for fiscal 2021 was 234 million euros.

Puig reported its net income for fiscal 2021 was 234 million euros.

Puig has announced its fiscal 2021 results, which showed net revenue was 2,585 million euros, an increase of 68% compared to 2020 and 27% compared to 2019.

Net income for the time period was 234 million euros.

Profit was 365 million euros.

Categories

The makeup category accounted for 16% of net revenue.

Dermo-cosmetics accounted for 11% of net revenue.

Fragrances and fashion accounted for 73% of net revenue.

Outlook

The company is projecting net revenues of 3,000 million euros in 2022, ahead of the original timeline of 2023.

PinoPlex is said to prevent split ends and improve hair fiber integrity, making it more resistant to daily stress and breakage.

Mibelle Biochemistry Launches PinoPlex for Hair Moisturization

PinoPlex is a moisturizer for the hair shaft and can combat dry and damaged hair.

TRUST IN THE MOST IMPORTANT DEVELOPER IN EUROPE TO CREATE YOUR PERFUME

TRUST IN THE MOST IMPORTANT DEVELOPER IN EUROPE TO CREATE YOUR PERFUME

Mixer & Pack is the European leader in the development of perfumery for private label, and specialist in reflecting your brand values in fragrances. The turnkey manufacturer understands that it is not only important what it is done, but how is it done.

“Ingredients Revealed” is a part of BASF’s “Beyond Beauty” campaign, which drives the transition of the personal care industry to greater transparency and more sustainable and ecologically conscious solutions, per the company.

BASF Introduces Digital Service, “Ingredients Revealed,” at in-cosmetics Global

“Ingredients Revealed” is a part of BASF’s “Beyond Beauty” campaign, which drives the transition of the personal care industry to greater transparency and more sustainable and ecologically conscious solutions, per the company.

CARA AI from The Good Face Project allows beauty pros to converse with a narrowly trained generative AI interface, thereby accelerating the development process and quickly addressing questions and concerns.

A ChatGPT for Beauty? The Good Face Project Has One.

A new consultative AI-powered tool can reportedly help brands optimize or even reverse-engineer formulations in seconds.

Vizor is a global leader in zinc oxide powders and dispersions.

LBB Specialties is Vizor's Exclusive Channel Partner in US for Product Portfolio

The portfolio includes the Super Zinc, Super Sperse and Sheer Sperse lines.

The researchers manually collected tiny samples (less than 5 g) from roots, stems, leaves, fruits, litter and soil for reproduction via biotech, thereby preserving biological resources while accessing novel natural actives.

Apoena Biotech Bioprospects the Amazon for Sustainable Biological Actives for Cosmetics

Key biological actives from this bioprospecting mission are expected to be available to the market beginning in September 2025.

“I see the acquisition of Lucas Meyer Cosmetics as a significant step forward for Care Chemicals. Customers as well as consumers increasingly demand high-value natural ingredients,” said Christian Vang, president of the Clariant Business Unit Care Chemicals and the Americas region.

Clariant Completes Acquisition of Lucas Meyer Cosmetics

Clariant has consolidated Lucas Meyer Cosmetics in its Business Unit Care Chemicals as of April 2, 2024.

Univar Solutions will exclusively distribute its pigments and colorants used in cosmetics and personal care formulations for Koel Colours.

Univar Solutions to Distribute Pigments & Colorants for Koel Colours

Both companies plan to streamline the technical and personnel support through collaboration, enhancing a strong customer experience blended with coloring solutions to meet U.S. Food and Drug Administration (USFDA) quality standards.

The institute is made up of a global network of life science experts and laboratories that provide customers with support for claim-substantiated cosmetics with biological mechanisms, biomarkers and preclinical or clinical capabilities.

Evonik Establishes the Evonik Skin Institute for Active Ingredients and Cosmetic Solutions

The institute is made up of a global network of life science experts and laboratories that provide customers with support for claim-substantiated cosmetics with biological mechanisms, biomarkers and preclinical or clinical capabilities.

“Every year we continue to double down on our sustainability efforts company-wide and we are honored EcoVadis has recognized our continuous commitment to sustainability,' said ICONS|ICS CEO and founder Susanne Nichols.

ICONS|ICS Wins Platinum Medal from EcoVadis for CSR Practices

The company also earned the 2024 EcoVadis Sustainability Leadership Award (AMEA region) in recognition of its sustainability business practices around the globe.

AI can help brands quickly and efficiently formulate toward key clean and sustainable goals.

Beauty's AI Revolution: Speeding Up Product Innovation: NOW AVAILABLE ON DEMAND

In this exclusive briefing, beauty brands, contract manufacturers and R&D chemists will learn how to leverage even small data sets to generate winning formulations.