3Q'24 vs. 3Q'23 Results Sales: € 466.0 M (+6.6% vs. +7.9% BS(e) and +4.8% consensus); EBITDA: € 90.21 M (+15.7% vs. +14.4% BS(e) and +11.8% consensus); Net Profit: € 82.0 M (+182.8%). 9M'24 vs. 9M'23 Results Sales: € 1.637 Bn (+0.9% vs. +1.2% BS(e) and +0.4% consensus); EBITDA: € 386.0 M (+5.5% vs. +5.2% BS(e) and +4.6% consensus); Net Profit: € 194.0 M (+7.8%).
3Q'24 vs. 3Q'23 Results Sales: € 766.68 M (+2.4% vs. +3.1% BS(e) and +2.4% consensus); EBITDA: € 97.49 M (+8.8% vs. +2.6% BS(e) and +3.2% consensus); 9M'24 vs. 9M'23 Results Sales: € 2.347 Bn (+1.7% vs. +2.0% BS(e) and +1.7% consensus); EBITDA: € 308.02 M (+8.3% vs. +6.4% BS(e) and +6.6% consensus);
>Results broadly in line with estimates (higher sales, lower margins) - Results broadly in line with our estimates and consensus estimates (-1.3% and +0.8% respectively at adjusted EBITDA in 9M 2024), with sales growth across all regions and Europe returning to growth since Q1 2022. EBITDA margin stands at 23.6% (+100bp above 9M 2023 figures but still somewhat below our estimates). Q3 2024 EBITDA margin stood at 19.3% down from 25.3% in H1 2024 (but up from 17.8% in Q...
3Q'24 vs. 3Q'23 Results NII: € 2.79 Bn (+2% vs. -1.2% BS(e) and +0.6% consensus); Total Revenues: € 4.09 Bn (+1.9% vs. -0.3% BS(e) and +0.9% consensus); Operating Income: € 2.56 Bn (+0.6% vs. -2.3% BS(e) and -0.9% consensus); Net Profit pre AT1: € 1.57 Bn (+3.3% vs. +1% BS(e) and 0.7% consensus). 3Q'24 vs. 2Q'24 Results NII: € 2.79 Bn (+0.1% vs. -3% BS(e) and -1.3% consensus); Total Revenues: € 4.09 Bn (-2.7% vs. -4.8% BS(e) and -3.6% consensus); Operating Income: € 2.56 Bn (-4.8% vs. -7.5% BS(...
Rdos. 3T'24 vs 3T'23: Ventas: 466,0 M euros (+6,6% vs +7,9% BS(e) y +4,8% consenso); EBITDA: 90,21 M euros (+15,7% vs +14,4% BS(e) y +11,8% consenso); BDI: 82,0 M euros (+182,8% vs n/a BS(e) y n/a consenso). Rdos. 9meses'24 vs 9meses'23: Ventas: 1.637 M euros (+0,9% vs +1,2% BS(e) y +0,4% consenso); EBITDA: 386,0 M euros (+5,5% vs +5,2% BS(e) y +4,6% consenso); BDI: 194,0 M euros (+7,8% vs n/a BS(e) y n/a consenso).
BARCELONA, Spain--(BUSINESS WIRE)-- Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €1,637 million in the first nine months of 2024, up 1%. With this performance, the Group returns to growth, on the back of strong Q3 sales driven by higher volumes. EBITDA of €386 million, with 23.6% margin, was up 5.6% despite inflation in operating expenses. This was due to strong gross margin expansion, driven by the Simplification Program, together with positive geographic mix effects and lower raw material costs. Cash Net Profit reached 1...
Rdos. 3T'24 vs 3T'23: Ventas: 766,68 M euros (+2,4% vs +3,1% BS(e) y +2,4% consenso); EBITDA: 97,49 M euros (+8,8% vs +2,6% BS(e) y +3,2% consenso); Rdos. 9meses'24 vs 9meses'23: Ventas: 2.347 M euros (+1,7% vs +2,0% BS(e) y +1,7% consenso); EBITDA: 308,02 M euros (+8,3% vs +6,4% BS(e) y +6,6% consenso);
Rdos. 3T'24 vs 3T'23: M. Intereses: 2.794 M euros (+2% vs -1,2% BS(e) y +0,6% consenso); M. Bruto: 4.092 M euros (+1,9% vs -0,3% BS(e) y +0,9% consenso); M. Neto: 2.557 M euros (+0,6% vs -2,3% BS(e) y -0,9% consenso); BDI pre AT1: 1.573 M euros (+3,3% vs +1% BS(e) y 0,7% consenso). Rdos. 3T'24 vs 2T'24: M. Intereses: 2.794 M euros (+0,1% vs -3% BS(e) y -1,3% consenso); M. Bruto: 4.092 M euros (-2,7% vs -4,8% BS(e) y -3,6% consenso); M. Neto: 2.557 M euros (-4,8% vs -7,5% BS(e) y -6,2% consenso);...
NEWS SUMMARY: BANKING/ENERGY SECTOR, CAIXABANK, EBRO FOODS, FCC, FLUIDRA, NATURGY. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 3Q’24 results to be released over the coming days in Spain. Inflation rises in October European stock markets fell, with October’s inflation data in Europe higher than expected. In the STOXX 600, all the sectors ended with drops, with Travel & Leisu...
>Q3 EBITDA margin expands 0.7pp vs a flat street expectation - Overall, Ebro’s Q3 is again a solid quarter in operational terms (beating both ours and the consensus numbers) as it has been able to consolidate previous RSP increases and keep (or even increase) its market share in a trade-down scenario. As a result, Rice shows a 0.8pp y-o-y margin expansion to 12.8%, which is 1.0pp above the last two years’ Q3 average while Pasta is also expanding its margin with a +0...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, EBRO FOODS, FCC, FLUIDRA, NATURGY, SECTOR BANCOS, SECTOR ENERGÉTICO. EUROPA: AB INBEV, AXA, AIRBUS, DHL GROUP, ING, SIEMENS. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 3T’24 que se publicarán en España y Europa en los próximos días. La inflación repunta en octubre Caídas en los mercados euro...
>EBITDA 6% above thanks to Environmental Services and Water - FCC’s Q3 results were above our estimates at operating level, with total revenues of € 2,313m (€ 25m or 1% above) and EBITDA of € 377m (€ 22m or 6% above our estimates). The beat was the result of a very good operating performance at the Water and Environmental, thanks to the incorporation of new contracts and a solid margin at both divisions. The negative note form the results came from the decline in con...
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