Industry

Fluidra increases its profits by 33% thanks to reduced expenses and purchases

The Catalan multinational swimming pool company mitigates the impact of tariffs and bills €1.274 billion in the first nine months of the year

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The Catalan multinational Fluidra closed the first nine months of this year with a net profit of 163 million euros, representing a 33% increase compared to the same period of the previous year. The company, a world leader in the swimming pool and pool sector, wellnessFluidra achieved these results "thanks to lower restructuring, mergers and acquisitions, and integration costs." The group, chaired by Eloi Planes, finished the first nine months with sales of €1.724 billion, a 5% year-on-year increase. "This result is due to volume growth in all regions, along with a positive contribution from prices, which more than offset the negative effects of exchange rates," the company stated. Adjusted EBITDA increased by 6% to €411 million, with a margin of 24%, exceeding the previous year's results. "The improvement reflects higher volume and continued operational discipline, while we continue to invest in growth," according to Fluidra. Impact of tariffs

The company states that it is "offsetting the impact of tariffs in 2025 through commercial levers, increased collaboration with suppliers, and operational excellence through efficiency initiatives." As of September 30, the net debt to adjusted EBITDA ratio was 2.1 times, representing an improvement of 0.2 times compared to the same period of the previous year. Fluidra also highlights that "sales increased in all regions in the first nine months of the year, driven by volume growth, pricing, and acquisitions." North America led the growth, followed by Europe and the rest of the world. Continuing its acquisition strategy, "Fluidra also expects to receive regulatory approval in the last quarter of the year to acquire a 27% stake in Aiper, a leading company in wireless technology solutions for pool cleaning."

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After accumulating savings of €93 million to date, the company maintains its target of reaching €100 million annually, "thanks to efficiency, global purchasing, and value engineering initiatives." Fluidra is confident in meeting its 2025 forecasts, with projected sales of between €2.16 billion and €2.22 billion, adjusted EBITDA of between €500 million and €520 million, and adjusted earnings per share of between €1.33 and €1.40.