ReElement Technologies stock soars after securing $1.4B government deal
Investing.com -- Fluidra SA (BME:FDR) on Thursday reported third-quarter revenues of €497 million, exceeding company consensus of €484 million by 3%, with 5% year-over-year growth and 7% organic growth.
The Spanish swimming pool equipment manufacturer saw price increases of approximately 2% and volume growth of about 5% for the first nine months of 2025, showing slightly better momentum compared to the second quarter despite foreign exchange headwinds.
By region, Southern Europe drove the revenue beat, with North America also showing strong performance. Rest of World results were broadly in line with expectations, while Rest of Europe was the only region that slightly missed projections.
Adjusted EBITDA came in at €97 million, 1% ahead of company consensus of €96 million. Adjusted EBITDA margins reached 19.6%, approximately 30 basis points below consensus of 19.8%.
Gross profit exceeded expectations by 3%, with gross margins of 55%, in line with consensus, as negative foreign exchange impact and regional mix were offset by the company’s simplification program.
Adjusted EBITA and cash EPS both came in 2% below expectations, with EBITA margins approximately 70 basis points below consensus due to higher depreciation expenses.
On the balance sheet side, operating net working capital year-to-date reached €438 million, up 19% year-over-year, with the ratio higher at approximately 20% of sales.
Net debt position was slightly lower year-over-year at €1.034 billion, with the last twelve months net debt to EBITDA ratio improving to 2.1x.
Management confirmed its 2025 guidance and noted that fundamentals in the pool industry remain healthy, with mid-single-digit volume growth and pricing accelerating into the third quarter, helping to offset tariffs.
Fluidra appears well-positioned heading into 2026, potentially benefiting from ongoing interest rate cuts in the United States that could revive new build and remodel activity, along with strong execution.
The company’s stock closed at €23.10, with analysts maintaining a buy rating and a price target of €29.00, representing 26% upside potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.