Fluidra drops after rival Pool Corp's guidance cut

Fluidra SA

25/06/2024 09:02

** Shares in Spanish pool equipment maker Fluidra  FLUI.MC 
fall around 8% after its U.S. rival Pool Corp  POOL.O  cut its
guidance
    ** Pool expects lower level of sales to impact Q2 results,
lowers FY24 projected diluted EPS range to $11.04 to $11.44,
from $13.19 to $14.19
    ** Banco Sabadell says the news is negative for Fluidra as
U.S. accounted for 42% of its revenues in 2023, although the
broker adds that one cannot extrapolate 100% of Pool's
performance in the U.S. to Fluidra as product and geographic mix
is not the same
    ** If losses hold, the stock will see its worst day since
mid-July 2023    

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