Business results

The impact of tariffs is hitting Fluidra's stock market despite a 21% profit increase.

The Catalan multinational swimming pool company hopes to fully offset the impact of tariffs by 2025.

The Fluidra headquarters, in Sant Cugat del Vallès.
ARA
31/07/2025
2 min

BarcelonaThe Catalan multinational swimming pool material company Fluidra closed the first half of the year with a net profit of 136 million euros, 21% more than in the same period in 2024, according to the company itself in a statement published with the National Securities Market Commission (CNMV) this Thursday.

The listed company closed this Thursday with a 6.47% drop in the stock market because it has lowered its 2025 forecasts and has launched an action plan working with its suppliers to realign the supply chain and reduce the cost base to address the impact of the United States PAC. In addition, it implemented a price increase in North America in April and "is preparing the price increase for the next season," so it expects to fully offset the impact of the tariffs in 2025.

The company recorded revenue of 1,227 million to the year mainly due to increased volumes and the positive contribution of price increases. The company explained that in the first half of the year, sales increased in all regions at constant exchange rates and perimeter, with an increase of 8% in North America, 7% in the rest of the world, and 3% in Europe.

Adjusted EBITDA (earnings before interest, taxes, and amortization) was 314 million, up 25.6%. Meanwhile, the company's gross margin improved "thanks to the Simplification Program and pricing initiatives, which offset the negative effects of the geographic and product mix," according to the release, which points to the program's cumulative savings of $84 million.

Future purchase of Aiper

The company based in Sant Cugat del Vallès has indicated that it "is confident of meeting" the forecasts published for the current year and has limited the guidance Due to improved business prospects and the current exchange rate, particularly a weaker US dollar, Fluidra's forecasts closed the year with sales of between €2.16 billion and €2.22 billion and adjusted EBITDA of between €500 million and €520 million. CEO Eloi Planes specified that the company expects to close the acquisition of the manufacturer Aiper in the second half of 2025, a transaction that "will combine complementary strengths to offer better solutions to a broader customer base."

Planes also stated that performance "in the first half of the year has been good and the outlook for the rest of the year is positive," and expressed confidence in the company's ability to increase sales and EBITDA.

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