Fluidra : Profit warning on inventory destocking acceleration, not sufficient to capitulate
>Profit warning on FY 2022 guidance: Sales -6%, EBITDA up to -20% - Fluidra has issued a profit warning on 2022 results given the intense destocking process across the industry (mostly in North America) and the deteriorating macroeconomic outlook (particularly in Europe: 46% of revenues in H1 22). It now expects sales of € 2.4bn in 2022 (-6% vs previous guidance, implied annual growth of c.10% compared with previous range of 14% to 19%) and an EBITDA floor level of €...Fluidra is engaged in the manufacture and commercialization of accessories and specific products for swimming pools, irrigation, and water treatment and purification systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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