Fluidra’s profit falls 4.5% in the first half but improves its prospects

Fluidra’s profit falls 4.5% in the first half but improves its prospects

Spain’s Fluidra said on Friday that its first-half net profit fell 4.5% to 166 million euros ($169.55 million) due to a write-down stemming from a refinancing process and the increase in debt, although it improved its prospects for 2022 thanks to the increase in sales.

The world’s largest pool equipment manufacturer expects sales to be between €2.5bn and €2.6bn and EBITDA to be between €600m and €630m, both targets slightly above previous estimates.

In the first six months of the year, its ebitda grew by 9.3% year-on-year, to 361 million euros, while its sales increased by 22%, to 1,400 million euros, due to the increase in prices in the midst of higher-than-expected inflation and the consolidation of its mergers and acquisitions activities.

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