Spain · Delayed Price · Currency is EUR Fluidra Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong 2025 results with 7% sales and 9% EBITDA growth at constant FX, driven by market share gains, margin expansion, and robust aftermarket activity. 2026 guidance anticipates 3%-7% sales growth, continued margin improvement, and resilient performance despite macro uncertainties.
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Sales grew 10% in Q3 and 7% year-to-date, with strong performance across all regions and segments, especially in North America and commercial pools. Margins improved, leverage decreased, and full-year guidance was reaffirmed, with continued focus on organic growth, innovation, and operational excellence.
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Sales grew 5% year-on-year with strong margin expansion and 21% profit growth, driven by robust performance across all regions and segments. Guidance for 2025 was narrowed upward, with tariff impacts offset by price increases and continued market share gains.
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Q1 2025 saw 7% sales growth, margin expansion, and strong market share gains, especially in North America. Tariff impacts are being offset by price increases and cost actions, with guidance for 2025 sales and EBITDA growth maintained despite macro uncertainties.
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The company outlined a strategy focused on profitable, sustainable growth, digitalization, and operational excellence, targeting 6%-8% annual revenue growth and EBITDA margins above 25%. Key growth levers include expanding in commercial pools, leveraging digital platforms, and executing cost-saving initiatives, with a strong commitment to sustainability and disciplined capital allocation.
Fiscal Year 2024
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2024 saw strong sales and margin growth, driven by resilient aftermarket demand and market share gains, with robust performance in North America and Europe. Guidance for 2025 anticipates continued growth, margin expansion, and effective mitigation of tariff risks.
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Q3 2024 delivered strong sales and margin growth, led by North America and a rebound in Europe. Updated guidance reflects higher sales and EBITDA, with robust cash generation and continued deleveraging. Aftermarket demand and innovation remain key strengths.
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Strong H1 2024 results featured margin expansion, robust North America growth, and improved cash flow, while Europe faced weather and macro headwinds. Confident in full-year guidance, with new build down but aftermarket stable and positive outlook for 2025.