Fluidra : Results in line with estimates, lower seasonal sales offset by resilient margins
>Results in line with estimates, seasonal factors partially explain sales weakness - Fluidra’s Q1 2024 results came broadly in line with estimates with EBITDA of € 118m (-2% y-o-y and -2% vs our estimates) resulting from slightly higher margins (EBITDA margin of 22.4% vs 22.2% estimated and 21.8% in Q1 2023) on weaker-than-expected sales (-4.8% y-o-y, -2% vs estimates) partly due to lower trading days and the delay on season planning attributable to the Easter holid...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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