Fluidra's shares jump after Q3 results beat consensus

Fluidra SA

31/10/2024 08:40

** Shares of Fluidra  FLUI.MC  climb around 6.7%, top of
IBEX index  .IBEX , after Spanish swimming pool equipment
company released its Q3 results beating consensus
    ** Sales were up to 466 million euros ($505.98 million) and
EBITDA was up to 386 million euros YTD 
    ** J.P. Morgan underlined Fluidra's Q3 beat consensus on
sales and adjusted EBITDA with organic growth of +7.3% much
better than JPM estimates at +3.7%
    ** "North America was strong (+9.3%) and Europe returned to
growth for the first time since Q1’22, with a better development
than expected", it adds
    ** Share on track for a best day since Aug 1, 2024, when it
closed 8.6 % higher 


($1 = 0.9210 euros)

 (Reporting by Tiago Brandao)
 ((Tiago.Brandao@thomsonreuters.com;))