Fluidra : Soothing guidance ahead of industry transition to normalised patterns
>Growth slowdown on inventory normalisation - Fluidra H1 2022 results came broadly in line with estimates with sales growth at 22% (down from +31% in Q1 2022) with organic growth at 8% (compared to +14% in Q1 22) reflecting a slowdown across all geographies except the Rest of the World. Northern Europe (geopolitical, tourism recovery) clearly underperformed the core regions of Southern Europe (with a strong performance at Spain) and North America (+3.4% organic growth...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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