Fluidra Delivers Strong Start to 2025, with Sales up 7% to €564 Million and Growth Across All Regions
Adjusted EBITDA was up 10% year-on-year to €131 million, representing a 23% margin, with consistent gross margin improvement due to the Simplification Program partially offset by higher Opex.
Net income of €48 million was up 29% year-on-year. Fluidra continues to deleverage and, at the end of March, the ratio of net debt to Adjusted EBITDA was down 0.3x versus same time last year on similar net debt levels.
In the first three months of 2025, sales were up across all regions on constant currency and perimeter, with North America growing 7% and Europe increasing around 3%. Sales in the Rest of the World grew by 3%.
Fluidra's Simplification Program continues to deliver, with €75 million cumulative savings to date, including a contribution of €7 million in Q1 2025. The program remains on track to achieve the €100 million savings target by year-end, supported by global procurement efficiencies and value engineering initiatives.
Strategic acquisitions reinforce digital and product leadership
In April, Fluidra announced the acquisition of a 27% stake in Aiper, a fast-growing, innovative leader in cordless robotic pool cleaners. This move enhances Fluidra's product portfolio and establishes a presence in the direct-to-consumer channel.
Fluidra also acquired Pooltrackr in May, an Australia-based SaaS platform for pool professionals. The platform will be rolled out globally, accelerating the company's digital transformation and reinforcing its leadership in connectivity and customer experience.
Eloi Planes, Fluidra's Executive Chairman, said: 'Following a strong first quarter, we are maintaining our 2025 guidance as we move into the key months of the pool season. We continue to focus on what's within our control and are closely monitoring developments. While macroeconomic and geopolitical uncertainty remains, we are confident in our ability to deliver, supported by our action plan in place to fully offset the impact of tariffs.
We are the leader in an attractive sector with long-term structural growth and have worked to position the business for growth and transformation. I am proud of our teams for creating long-term value while taking action today.'
Alternative performance measures (APMs)
Fluidra's financial statements are prepared according to IFRS and other applicable regulation. The financial information in this document also includes Alternative Performance Measures ('APMs'). For further details, please visit the following link.
About Fluidra
Fluidra S.A. (FDR:SM) is the global leader in pool and wellness equipment and connected solutions. It is included in the Ibex 35, the benchmark index of the Spanish stock market, and in the FTSE4Good Index Series, the benchmark sustainability index. Fluidra provides an extensive offer of innovative and connected products and services, operating in more than 47 countries. The company has a portfolio of some of the most recognized brands in the industry, including Jandy®, AstralPool®, Polaris®, Cepex®, Zodiac®, CTX Professional® and Gre®.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
ATO tax return warning to millions over common car deduction: ‘You can't'
Millions of Aussies claim car expenses on their tax returns each and every year. But the Australian Taxation Office (ATO) has warned people not to make this common mistake to try and boost their returns. About nine million Australians claimed $28 billion worth of work-related expenses in their 2023-24 tax returns. One of the top claims was for car expenses, with 3.6 million people claiming $10.3 billion worth of expenses. To claim a tax deduction, you need to be travelling for work purposes. But travel from your home to the office won't count, except in very limited circumstances. RELATED ATO warns workers after tax return estimate promises $3,442 refund Centrelink warning for downsizing Baby Boomers over 'special' retirement rule New Zealand couple move to Australia after 'overwhelming' $20,000 cost to start family 'In most cases, you can't claim car expenses for your normal trips between home and work. However, there are some exceptions,' the ATO said. 'For example, you can claim a deduction for the cost of trips between home and work if you need to carry bulky tools or equipment.' The ATO said the tools or equipment will need to be 'bulky', meaning they are awkward to transport because of their size and weight and can only be transported conveniently using a motor vehicle. The tools and equipment will also need to be 'essential' to perform your work, and there must be not secure storage for the items at the workplace. That means you can't just choose to transport the tools or equipment when your employer already provides secure storage. Other circumstances where you may be able to claim trips between home and work include where your home is a base of employment, or when you have shifting places of work. How do I claim car expenses? There are two methods that people can use to make car travel claims: the 'cents per kilometre method' and the 'logbook method'. The cents per kilometre method lets you claim up to 5,000 kilometres at a set rate of 88 cents per kilometre and you don't need receipts. But H&R Block director tax communications Mark Chapman told Yahoo Finance that if you automatically claim the full amount, it could set off alarm bells. 'The ATO is concerned that some taxpayers are automatically claiming 5,000 kilometres without having proof that they actually undertook the journeys,' Chapman said. 'So, every time you use the car for a work trip, make sure to note down in a diary the number of kilometres you travelled and what the purpose of the journey was.' The logbook method lets you claim more than 5,000 kilometres, but you'll need to keep a logbook that shows you work-related trips for 12 weeks. 'If you use the other method of claiming work-related car expenses – the 'logbook' method – you actually need to keep a logbook in order to be eligible to make a claim, plus invoices or receipts for all the individual expenses you want to claim, such as fuel, servicing, etc,' Chapman explained.
Yahoo
15 minutes ago
- Yahoo
MetLife Declares Third Quarter 2025 Preferred Stock Dividends
NEW YORK, August 15, 2025--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends: Quarterly dividend of $0.35263005 per share on the company's floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA). Semi-annual dividend of $29.375 per share on the company's 5.875% fixed-to-floating rate non-cumulative preferred stock, Series D, with a liquidation preference of $1,000 per share. Quarterly dividend of $351.5625 per share on the company's 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.3515625 per depositary share (NYSE: MET PRE). Quarterly dividend of $296.875 per share on the company's 4.75% non-cumulative preferred stock, Series F, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.296875 per depositary share (NYSE: MET PRF). Semi-annual dividend of $19.250 per share on the company's 3.850% fixed rate reset non-cumulative preferred stock, Series G, with a liquidation preference of $1,000 per share. The above dividends will be payable Sept. 15, 2025, to shareholders of record as of Friday, Aug. 29, 2025, due to the record date occurring on Sunday, Aug. 31, 2025. About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit Forward-Looking Statements The forward-looking statements in this news release, using words such as "will," are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife's future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements. View source version on Contacts For Media: Jane For Investors: John Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
Aussies erupt over new $363 per year tax hit
There are fears that electric vehicle (EV) sales could be affected if a road-user charge (RUC) is introduced to level the playing field with other cars. At the moment, EVs don't attract a tax for using Aussie roads like those in internal combustion engines (ICE). But ahead of the government's economic roundtable, there have been calls for EV drivers to pay their fair share with a brand new levy designed just for them. Electric Vehicle Council's (EVC) head of legal, policy and advocacy, Aman Gaur, told Yahoo Finance it doesn't make any sense to him why Australia would go down this path. "The simple principle around taxes is that you tax the things you don't want to see, like smoking or alcohol," he said. "Why are we taxing something that is actually trying to make Australia and the country safer from climate change? It just seems very counterintuitive." RELATED Major EV warning as true battery range for big brands like Tesla and BYD exposed ATO $2,548 tax refund cash boost for 2.6 million Aussies Hidden $3,000 per year cost of cashless revolt as record number of banknotes hoarded Why is a road-user charge being considered for EVs? Those in ICE vehicles have to pay an excise on fuel at the moment, which goes to the federal government as general revenue and can be used to fund transport infrastructure. It raises around $17 billion a year, but that revenue stream could start to go on a downward trend if more people buy EVs and don't pay a RUC. According to the Australian Automobile Association, one in 10 cars sold in the June quarter in Australia was an EV, which is a new record. The EVC said a RUC for electric cars shouldn't be introduced until that statistic hits at least three in 10 vehicles sold. Prime Minister Anthony Albanese acknowledged there needed to be a shakeup in the system to account for the rise of battery-powered vehicles. 'We need money to ensure that roads are adequate, and that is a long-held belief,' he said this week. 'What we need to do is to work those issues through and to come up with a realistic plan that can be implemented. And we'll await those discussions.'How would a road-user charge work? That hasn't been hashed out yet, and will form part of the discussions at next week's productivity and economic roundtable. 'We haven't settled on a model or on timing when it comes to that change, but clearly a government of either political persuasion will need to make changes there because the excise take on petrol will come down as petrol vehicles exit the fleet," Treasurer Jim Chalmers said this week. He added "people shouldn't anticipate that there will be a change very soon". Instead of EVs having their own type of RUC, Gaur told Yahoo Finance there should be a universal road tax applied to every vehicle. This was supported by EV motoring expert Toby Hagon, who said electric car drivers needed to start paying their way, but not with their own unique levy. "I'm not sure why we would treat EVs any differently to any other car on the road; we should be taxing them all equally," he told Yahoo Finance. "Don't just single out EVs or hybrids or plug-in hybrids. Apply a road user charge across the board and get rid of fuel excess. It seems like a logical way to do it." Hagon suggested a possible RUC scenario of 3 cents per kilometre driven. The latest data found the average Aussie drives around 12,100 kilometres per year, meaning EV motorists could be paying around $363 each year under Hagon's prediction. Comparatively, the fuel excise is currently 51.6 cents per litre of petrol or diesel, and, according to Compare the Market data from last year, a typical household pays around $3,200 a year in petrol or diesel. Would people stop buying EVs if they had to pay an RUC? A poll of more than 2,500 Yahoo Finance readers found 64 per cent would avoid buying an EV if they had to pay for a road tax. But Hagon said an RUC should not influence a person's decision-making if they're looking for a new car. "The running cost of an EV is so much lower than $363 a year, so it's not going to be the determining factor of whether someone buys an EV or not," he said. When you compare that $3,200 per year cost for ICE car drivers, an EV owner is typically only paying around $701 per year for charging. Gaur said there is a much bigger potential cost than a possible $363 yearly charge to contemplate. "To the person who's thinking about their next car, think about your children, think about your own lifestyle, and what is the best way to keep Australia safe from the effects of climate change," he said. Scott Maynard, the Australian boss of Swedish EV maker Polestar, said Australia needs to make sure that whatever direction it goes in with an RUC that it makes sense for everyone. 'Driving is an essential activity, so it's important the government has a clear understanding of what it would be seeking to achieve with a road user charge," he said. "Only when we understand that question can a framework be developed, and commentary applied. 'I don't think any driver, electric or otherwise, will have an issue with a road user charge system to replace fuel excise as long as it is fair and equitable."Error in retrieving data Sign in to access your portfolio Error in retrieving data
