Report
Luis de Toledo Heras

Fluidra : Turning point reasonably reflected in valuation

>Turning point reached in Q4 2023 - Fluidra will release FY 2024 results next 29 of February and provide annual guidance for 2024. We have slightly cut our estimates to reflect negative FX effects during the last months (1.08 $/€ average 2023 vs 1.05 in 2022) and the group’s cautious guidance in our recent interactions (towards the low end of the guidance range: 2023 sales of € 2-2.1bn, adjusted EBITDA of € 410-450m and Cash EPS of € 0.95-1.15). North America accounte...
Underlying
Fluidra S.A.

Fluidra is engaged in the manufacture and commercialization of accessories and specific products for swimming pools, irrigation, and water treatment and purification systems.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Luis de Toledo Heras

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