Fluidra shares fall after Q4 miss

Fluidra SA

26/02/2026 08:23

** Shares of Fluidra FLUI.MC fall over 5% after its Q4 results missed expectations

** The Spanish pool and wellness equipment company posted FY sales of 2.18 billion euros ($2.57 billion), up 7% in constant currency, but its fourth quarter sales growth and EBITDA missed expectations

** "Q4 missed on sales (3%) and Adj. EBITDA (6%)" says J.P. Morgan, adding that it expects shares to underperform today

** The broker notes North America, which represents 44% of group sales, was "notably weak" at 3% sales growth in the fourth quarter vs JPM's estimate of 7.5% and Q3 at 13%, a surprise for the broker given stronger peer reporting and likely mid-single-digit% pricing support

** Shares at the bottom of Madrid's IBEX35 .IBEX index and on track for its worst day since July 2025

($1 = 0.8471 euros)

(Reporting by Joao Mnauel Mauricio)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))