Spain's Fluidra H1 profit rises on cost control; launches €40 mln buyback
Spain's Fluidra H1 profit rises on cost control; launches €40 mln buyback
Overview
Spain pool equipment maker's H1 sales rose 5% at constant FX to €1,258 mln
Adjusted EBITDA grew 6% at constant FX, supported by cost discipline
Company launched €40 mln share buyback and agreed to acquire Hydrapro in France
Outlook
Fluidra maintains full-year guidance for sales growth of 3% to 7% at constant FX
Company expects full-year adj EBITDA margin of 23.3% to 24.3%
Fluidra sees full-year adj EPS growth between 4% and 13%
Result Drivers
SALES GROWTH - Co said H1 sales rose due to positive volume and price contributions across all regions, supported by customer focus and execution
COST DISCIPLINE - Co attributed improved profitability to firm cost control and efficiency measures, including €15 mln in savings from its efficiency plan
CASH GENERATION - Strong cash flow and working capital management enabled further debt reduction
Company press release: ID:nBw985mT6a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EPS |
| EUR 0.91 |
|
H1 Adjusted Net Income |
| EUR 175 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for Fluidra SA is €26.80, about 40.1% above its July 29 closing price of €19.13
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
July 29 - Hayward Holdings Q2 sales rise 6%, beat estimates
July 28 - Pentair misses Q2 sales, adjusted EPS estimates on pool inventory destocking
July 30 - Germany's Villeroy & Boch H1 revenue falls on divestments, confirms outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)