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FDR — Fluidra SA News Story

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Fluidra rises on 'solid' H1 results

BUZZ-Fluidra rises on 'solid' H1 results

** Shares in Fluidra FLUI.MC rise about 3% after the company reported solid half-year results and announced a share buyback programme

** J.P. Morgan said the overall results were mixed but solid against low expectations, given the recent major profit warning by U.S. peer Pentair PNR.N

** "While the gross margin was stable year-on-year, there was a sequential improvement in Q2," the broker said

** It sees the buyback announcement as a positive development in terms of shareholder returns


(Reporting by Gemma Guasch)

((Gemma.guasch@thomsonreuters.com))

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