Reported Earnings • 18h
Second quarter 2026 earnings released: EPS: €0.42 (vs €0.47 in 2Q 2025) Second quarter 2026 results: EPS: €0.42 (down from €0.47 in 2Q 2025). Revenue: €724.2m (up 4.3% from 2Q 2025). Net income: €80.4m (down 8.2% from 2Q 2025). Profit margin: 11% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Fluidra, S.A. (BME:FDR) entered into definitive agreement to acquire Hydrapro. Fluidra, S.A. (BME:FDR) entered into definitive agreement to acquire Hydrapro on July 2026.
The acquisition is subject to customary closing conditions and it is expected to complete early 2027. Announcement • Jul 30
Fluidra, S.A. (BME:FDR) announces an Equity Buyback for €40 million worth of its shares. Fluidra, S.A. (BME:FDR) announces a share repurchase program. Under the program, the company will repurchase up to €40 million worth of its shares. The company considers this an attractive use of capital at current levels, reflecting its confidence in the value of the business. Declared Dividend • Jul 15
Dividend of €0.27 announced Shareholders will receive a dividend of €0.27. Ex-date: 8th December 2026 Payment date: 10th December 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jul 03
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 10 July 2026. Payment date: 14 July 2026. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Declared Dividend • May 20
Dividend of €0.26 announced Shareholders will receive a dividend of €0.26. Ex-date: 10th July 2026 Payment date: 14th July 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Fluidra, S.A., Annual General Meeting, May 06, 2026 Fluidra, S.A., Annual General Meeting, May 06, 2026. Location: ac hotel sant cugat, placa de xavier cugat, sant cugat del valles, barcelona., Spain Announcement • Oct 30
Fluidra Reaffirms Its Guidance for Full Year 2025 Fluidra reaffirmed its guidance for full year 2025. The company remains on track to deliver its full-year 2025 guidance with expected sales between €2,160 and 2,220 million. Announcement • Jul 31
Fluidra, S.A. Updates Earnings Guidance for the Year 2025 Fluidra, S.A. updated earnings guidance for the year 2025. For the period, the company now expects sales to be between €2,160 and €2,220 million. Announcement • May 07
Fluidra, S.A. Reaffirms Earnings Guidance for the Year 2025 Fluidra, S.A. reaffirmed earnings guidance for the year 2025. The company is maintaining 2025 guidance as move into the key months of the pool season. Announcement • Feb 28
Fluidra Provides Earnings Guidance for the Full Year 2025 Fluidra provided earnings guidance for the full year 2025. For the period, the company expects sales between €2,140 and €2,250 million. Announcement • Nov 27
Fluidra, S.A. (BME:FDR) agreed to acquire Bac Pool Systems GmbH. Fluidra, S.A. (BME:FDR) agreed to acquire Bac Pool Systems GmbH on November 25, 2024.
The transaction is subject to customary closing conditions. The expected completion of the transaction is January 1, 2025 to March 31, 2025. Announcement • Nov 03
Fluidra Updates Earnings Guidance for the Full Year of 2024 Fluidra updated earnings guidance for the full year of 2024. For the year, raising the mid-point, the company expects sales to be between €2,060 million and €2,100 million. Cash EPS to be between €1.14 and €1.20. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.058. Revenue: €434.9m (up 6.2% from 3Q 2023). Net income: €11.1m (up 182% from 3Q 2023). Profit margin: 2.5% (up from 1.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
Fluidra, S.A. (BME:FDR) signed an agreement to acquire Ncwg, Sistemas De Gestão De Água, Lda. Fluidra, S.A. (BME:FDR) signed an agreement to acquire Ncwg, Sistemas De Gestão De Água, Lda on August 6, 2024. For the period ending December 31, 2023, Ncwg, Sistemas De Gestão De Água, Lda reported total revenue of €7 million. João Couchinho will join the Fluidra. The transaction is subject to approval by the competition authorities. The transaction is expected to complete in fourth quarter. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: €0.40 (vs €0.33 in 2Q 2023) Second quarter 2024 results: EPS: €0.40 (up from €0.33 in 2Q 2023). Revenue: €661.2m (flat on 2Q 2023). Net income: €75.0m (up 19% from 2Q 2023). Profit margin: 11% (up from 9.6% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
Fluidra, S.A. Maintains Earnings Guidance for the Full Year 2024 Fluidra, S.A. maintained earnings guidance for the full year 2024. For the year, the company expects 2024 sales between €2,025 and 2,125 million and Cash EPS between €1.12 and 1.20 per share. Declared Dividend • Jul 02
Dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 29th November 2024 Payment date: 3rd December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.8% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • Jun 24
Upcoming dividend of €0.24 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 03 July 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Announcement • May 23
Fluidra Announces CEO Changes Fluidra appoints Jaime Ramirez as the company’s new Chief Executive Officer (CEO) effective 1 June 2024. The appointment follows a comprehensive succession planning process by the Board. Jaime has a proven track record and extensive experience in global consumer and industrial products, bringing over 30 years of P&L responsibility and a wealth of leadership expertise to the role. His strategic vision makes him the ideal leader to guide Fluidra into its next phase of development. Jaime Ramirez’s impressive background includes serving as EVP & President of Stanley Black & Decker Inc.’s Global Tools & Storage Business, where he ran a business with more than $10 billion in revenue and led high-performing teams globally. His expertise in driving growth and profitability, business transformation, strong organizations and strategic acquisitions will be invaluable assets as Fluidra seeks to capitalize on new opportunities and enhance shareholder value. He currently serves as a Board Director to Kimberly-Clark, a multinational personal care corporation. Bruce Brooks, Fluidra’s current CEO, has been instrumental to Fluidra’s success over the past six years. Under his leadership, the company has achieved remarkable milestones, including the transformational merger between Zodiac and Fluidra, various acquisitions, navigating the challenges of the pandemic, leading the group through the sector’s normalization and executing the Simplification Program to drive margins and become a more agile organization. Jaime and Bruce will work together to ensure a smooth transition during the rest of the year and Bruce will step down as Chief Executive Officer on 31 August 2024. Bruce will continue to serve as Non-Executive Director. Buy Or Sell Opportunity • May 15
Now 22% undervalued Over the last 90 days, the stock has risen 9.2% to €22.48. The fair value is estimated to be €28.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • May 09
Fluidra, S.A. Maintains Earnings Guidance for the Full Year 2024 Fluidra, S.A. maintained earnings guidance for the full year 2024. For the year, the company expects 2024 sales between €2,000 million and €2,150 million and Cash EPS between €1.07 and €1.25. Reported Earnings • May 08
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.19. Revenue: €540.9m (down 2.4% from 1Q 2023). Net income: €36.9m (down 10.0% from 1Q 2023). Profit margin: 6.8% (down from 7.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Buy Or Sell Opportunity • Apr 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to €19.15. The fair value is estimated to be €15.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Declared Dividend • Mar 24
Final dividend of €0.24 announced Shareholders will receive a dividend of €0.24. Ex-date: 1st July 2024 Payment date: 3rd July 2024 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.8% to bring the payout ratio under control. EPS is expected to grow by 78% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 22
Fluidra, S.A., Annual General Meeting, May 08, 2024 Fluidra, S.A., Annual General Meeting, May 08, 2024. Announcement • Mar 21
Fluidra, S.A. Proposes Dividend, Payable on 3 July 2024 and 3 December 2024 Fluidra, S.A. agreed at its Board of Directors meeting to propose to the General Shareholders' Meeting a dividend of EUR 0.55 per share. In line with Fluidra’s dividend policy, the proposal implies a 50% payout of 2023 Cash Net Profit. The total payout, subject to approval by the General Shareholders' Meeting on 8 May, 2024, will amount to around EUR 105 million. If approved, Fluidra will make a first payment of EUR 0.30 per share on 3 July and another payment of EUR 0.25 per share on 3 December 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €0.60 (vs €0.85 in FY 2022) Full year 2023 results: EPS: €0.60 (down from €0.85 in FY 2022). Revenue: €2.11b (down 14% from FY 2022). Net income: €113.8m (down 29% from FY 2022). Profit margin: 5.4% (down from 6.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 24
Upcoming dividend of €0.28 per share at 3.7% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 05 December 2023. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%). Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.021. Revenue: €409.4m (down 17% from 3Q 2022). Net income: €3.93m (down 70% from 3Q 2022). Profit margin: 1.0% (down from 2.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €659.6m (down 18% from 2Q 2022). Net income: €63.1m (down 31% from 2Q 2022). Profit margin: 9.6% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Jun 26
Upcoming dividend of €0.28 per share at 4.3% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Announcement • May 13
Fluidra, S.A. Appoints Aedhmar Hynes as a Director IP Group plc confirmed that Aedhmar Hynes, a non-executive director of the Group, has been appointed as a director of Fluidra, S.A. Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: EPS: €0.22. Revenue: €554.0m (down 17% from 1Q 2022). Net income: €41.0m (down 46% from 1Q 2022). Profit margin: 7.4% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Announcement • May 10
Fluidra, S.A. Maintains Earnings Guidance for the Year 2023 Fluidra, S.A. maintained earnings guidance for the year 2023. The company expects sales between €2,000 million and €2,200 million, EBITDA between €410 million and €480 million and Cash EPS between €0.95 and €1.25 per share. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: €0.85 (vs €1.32 in FY 2021) Full year 2022 results: EPS: €0.85 (down from €1.32 in FY 2021). Revenue: €2.45b (up 9.7% from FY 2021). Net income: €159.9m (down 37% from FY 2021). Profit margin: 6.5% (down from 11% in FY 2021). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: €0.85 (vs €1.32 in FY 2021) Full year 2022 results: EPS: €0.85 (down from €1.32 in FY 2021). Revenue: €2.45b (up 9.7% from FY 2021). Net income: €159.9m (down 37% from FY 2021). Profit margin: 6.5% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Barbara Borra was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €16.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 3.5% per annum over the same time period. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.068. Revenue: €491.8m (flat on 3Q 2021). Net income: €12.9m (down 73% from 3Q 2021). Profit margin: 2.6% (down from 9.5% in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Machinery industry in Germany. Upcoming Dividend • Oct 25
Upcoming dividend of €0.34 per share Eligible shareholders must have bought the stock before 01 November 2022. Payment date: 03 November 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 6.7%. Within top quartile of German dividend payers (5.3%). Higher than average of industry peers (3.1%). Reported Earnings • Jul 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €808.3m (up 15% from 2Q 2021). Net income: €91.1m (down 15% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €18.99, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.75 per share. Upcoming Dividend • Jun 24
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €20.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.15 per share. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: EPS: €0.40. Revenue: €666.7m (up 31% from 1Q 2021). Net income: €75.4m (up 12% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Barbara Borra was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 05
Fluidra, S.A., Annual General Meeting, May 05, 2022 Fluidra, S.A., Annual General Meeting, May 05, 2022, at 12:30 Central European Standard Time. Location: AC Hotel Sant Cugat, in Plaça de Xavier Cugat, Sant Cugat del Vallés Barcelona Spain Agenda: To consider the approval of the annual financial statements and of the management report, both of the Company and of its consolidated group of companies, for the financial year ended December 31, 2021; and to discuss other matters. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: €1.32 (vs €0.50 in FY 2020) Full year 2021 results: EPS: €1.32 (up from €0.50 in FY 2020). Revenue: €2.23b (up 46% from FY 2020). Net income: €252.4m (up 162% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.2%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €35.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% per annum over the last 3 years. The company has become profitable over the last 3 years. Announcement • Mar 10
Fluidra Announces Launch of Its First Polaris Suction-Side Cleaner Line Featuring the New Polaris Fluidra® is extending their offerings with the launch of its first Polaris suction-side cleaner line featuring the NEW Polaris® ATLAS™ XT and Polaris ATLAS™. Engineered with HALO™ technology for superior debris removal, the ATLAS cleaners are capable of collecting larger leaves that get drawn directly into the filtration system while preventing impediments — allowing for continuous, uninterrupted cleaning with unsurpassed results. Able to nimbly maneuver around the pool from floor to waterline, both models feature multi-directional navigation yielding enhanced movement patterns that alternate direction, durable Tri-Point tacks with a robust tread design for greater traction, and powerful turbines that generate extreme force for exceptional wall climbing on all pool surfaces. The ATLAS cleaners also attack stubborn, stuck-on debris with concentrated scrubbing action that agitates and removes debris from a pool's walls and floors and directs particles towards the suction inlet. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.32 (up from €0.50 in FY 2020). Revenue: €2.23b (up 46% from FY 2020). Net income: €252.4m (up 162% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 8.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Mar 01
Fluidra, S.A. Provides Earnings Guidance for the Year of 2022 Fluidra, S.A. provided earnings guidance for the year 2022. For the year, Company expects to grow sales between 12% and 17%. An increase in Cash EPS of between 10% and 16%. Buying Opportunity • Feb 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €30.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.25 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €495.1m (up 40% from 3Q 2020). Net income: €47.2m (up 113% from 3Q 2020). Profit margin: 9.5% (up from 6.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 25
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 01 November 2021. Payment date: 03 November 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Announcement • Sep 03
Fluidra, S.A. (BME:FDR) acquired S.R. Smith LLC from Champlain Capital Management, LLC for $240 million. Fluidra, S.A. (BME:FDR) acquired S.R. Smith LLC from Champlain Capital Management, LLC for $240 million on September 1, 2021. The acquisition was valued at $240 million and was fully settled at closing with existing cash and debt facilities. Following the acquisition, S.R. Smith will continue to operate independently from its Oregon headquarters. The transaction is expected to be accretive to Fluidra’s cash EPS from day one. McGuireWoods LLP acted as legal advisor to Fluidra. Prestwick Partners acted as financial advisor while Matthew M. Greenberg, Nicholas A. Stawasz, Barbara T. Sicalides and Howard S. Goldberg of Troutman Pepper Hamilton Sanders LLP acted as legal advisor to S.R. Smith.
Fluidra, S.A. (BME:FDR) completed the acquisition of S.R. Smith LLC from Champlain Capital Management, LLC on September 1, 2021. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €700.3m (up 48% from 2Q 2020). Net income: €106.9m (up 101% from 2Q 2020). Profit margin: 15% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 25
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 02 July 2021. Payment date: 06 July 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS €0.35 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €508.4m (up 61% from 1Q 2020). Net income: €67.3m (up €65.7m from 1Q 2020). Profit margin: 13% (up from 0.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Fluidra Provides Earnings Guidance for the Year 2021 Fluidra provided earnings guidance for the year 2021. The company raised its 2021 guidance, with sales growth expectations of 12-15% and cash EPS growth of 17-25%. Announcement • Mar 12
Fluidra, S.A. (BME:FDR) acquired Custom Molded Products, Inc. from Tenex Capital Management, L.P. for an enterprise value of approximately $250 million. Fluidra, S.A. (BME:FDR) acquired Custom Molded Products, Inc. from Tenex Capital Management, L.P. for an enterprise value of approximately $250 million on March 10, 2021. The acquisition was valued at $245 million, with 0 debt upon acquisition and was fully settled at closing with existing cash and debt facilities. CMP reported sales in excess of $109 million in 2020. Following the acquisition, the CMP team and its base of operations will remain in Georgia. The transaction is expected to be accretive to Fluidra’s Cash EPS from day one. McGuireWoods LLP acted as legal adviser to Fluidra. Raymond James & Associates, Inc. acted as lead financial advisor and Troutman Pepper Hamilton Sanders LLP acted as legal advisor to CMP. Nomura Securities International, Inc. and FIDUS Partners also acted as co-advisors to CMP.
Fluidra, S.A. (BME:FDR) completed the acquisition of Custom Molded Products, Inc. from Tenex Capital Management, L.P. on March 10, 2021. Announcement • Mar 11
Fluidra, S.A. Raises Earnings Guidance for the Fiscal Year 2021 Fluidra, S.A. raised earnings guidance for the fiscal year 2021. For the period, the company expects Sales growth from 6%-9% to 12%-15% and Cash EPS growth increases from 12%-20% to 17%-25%. Is New 90 Day High Low • Mar 02
New 90-day high: €22.50 The company is up 21% from its price of €18.66 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.37 per share. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS €0.50 (vs €0.043 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.53b (up 8.5% from FY 2019). Net income: €96.4m (up €88.0m from FY 2019). Profit margin: 6.3% (up from 0.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Fluidra Introduces the New Polaris Epic Series of Robotic Pool Cleaners to Its Lineup for the 2021 Pool Season Fluidra introduces the NEW Polaris EPIC series of robotic pool cleaners to its lineup for the 2021 pool season. Engineered for enhanced maneuverability and superior debris collection, the EPIC 8642 iQ, EPIC 8640 and EPIC 8520 offer advanced robotic cleaning solutions to suit the needs of customers with varying demands. Featuring new technologies that yield superior cleaning results, the Polaris EPIC cleaners provide greater agility with a new rear flow outlet that helps propel the cleaner up inclines and over obstacles, and introduce a dual-traction motor that enables brushes to rotate independently providing exceptional maneuverability with a tighter turn radius. These cleaners also incorporate a Track Wheel design constructed of a continuous treaded wheelbase that increases the surface area resulting in better traction — making it ideal for climbing walls, stairs and other obstacles (like the main drain) while creating a strong area of suction beneath the cleaner. Additionally, all three EPIC cleaners come with a new patent-pending Double Helix brush — a split-brush composed of strategically staggered rubber blades that gently agitate stuck-on dirt and draw debris in, channeling it towards the large inlet for more effective cleaning. While the EPIC 8520 has only a front brush, both the EPIC 8642 iQ and EPIC 8640 have an additional Double Helix brush at the rear for even more thorough cleaning. Further differentiating the three, both the EPIC 8642 iQ and EPIC 8640 are equipped with a Tangle-Reducing Swivel that helps to ensure uninterrupted operation and complete surface coverage by preventing cord entanglements and both include a transportation caddy. And, as the top-of-the-line EPIC model, the EPIC 8642 iQ offers "on-the-go" convenience with WiFi connectivity that gives users access anytime, anywhere with the iAquaLink® app. Using a smartphone or mobile device, users can Start/Stop a cleaning cycle, view the cycle timer, choose a cleaning mode, initiate the lift system, and receive troubleshooting — all from the palm of their hand. For powerful cleaning and easy operation, the EPIC cleaners all come standard with Cyclonic Vacuum technology, a large filter canister with a transparent lid and Polaris' proprietary Easy Lift Removal System that brings the cleaner up to the waterline with the touch of a button and rapidly evacuates water for lightweight removal and transport. The Polaris EPIC 8642 iQ, EPIC 8640 and EPIC 8520 robotic cleaners are a part of Fluidra's Trade Series Exclusive lineup of products; made exclusively for brick-and-mortar dealers and not available for Internet resale. Pool professionals are encouraged to contact their local Fluidra representative for information on the Polaris EPIC cleaners. Is New 90 Day High Low • Feb 10
New 90-day high: €21.70 The company is up 36% from its price of €15.90 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.69 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €21.40 The company is up 37% from its price of €15.62 on 22 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.33 per share. Announcement • Jan 14
Fluidra, S.A. (BME:FDR) acquired Built Right Pool Heaters LLC. Fluidra, S.A. (BME:FDR) acquired Built Right Pool Heaters LLC on January 13, 2021.
Fluidra, S.A. (BME:FDR) completed the acquisition of Built Right Pool Heaters LLC on January 13, 2021. Is New 90 Day High Low • Dec 22
New 90-day high: €19.18 The company is up 38% from its price of €13.92 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.23 per share. Is New 90 Day High Low • Nov 06
New 90-day high: €16.24 The company is up 16% from its price of €13.94 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.23 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 6.4% at €371.9m. Revenue is forecast to stay flat over the next year, in line with the revenue forecast for the Machinery industry in Germany. Upcoming Dividend • Oct 16
Upcoming Dividend of €0.17 Per Share Will be paid on the 27th of October to those who are registered shareholders by the 23rd of October. The company last paid an ordinary dividend in April 2017. The average dividend yield among industry peers is 1.9%. Is New 90 Day High Low • Oct 14
New 90-day high: €15.88 The company is up 28% from its price of €12.40 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.39 per share. Announcement • Sep 25
Fluidra, S.A. to Report Q3, 2020 Results on Oct 28, 2020 Fluidra, S.A. announced that they will report Q3, 2020 results on Oct 28, 2020 
