Business
Fluidra Delivers Strong 2024 Results, With Sales of €2,102 Million and Adjusted EBITDA of €477 Million
BARCELONA, Spain, February 27, 2025--Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €2,102 million in 2024, up 3%, at the top end of their expectations for the year.
About this update from Fluidra, S.a.
[{"type":"list","items":[{"val":[{"type":"text","content":"Sales, Adjusted EBITDA and Adjusted EPS at the top of the guidance range","length":72,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":72,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Expansion of margins, with diligent execution of Simplification Program driving efficiency and productivity","length":107,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":107,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of €138 million, up 21%","length":34,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":34,"olType":false},{"type":"text","content":"BARCELONA, Spain, February 27, 2025--(BUSINESS WIRE)--Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €2,102 million in 2024, up 3%, at the top end of their expectations for the year.","length":250,"tagName":"p"},{"type":"text","content":"Adjusted EBITDA amounted to €477 million, up 7% year-on-year, despite inflation in operating expenses, which was more than compensated by the gross margin expansion, benefitting from the Simplification Program, together with positive geographic mix effects and lower raw material costs.","length":286,"tagName":"p"},{"type":"text","content":"Net income was €138 million, an increase of 21% year-on-year. Adjusted Net Profit stood at €233 million, increasing 10% year-on-year. Cash generation was good, reducing net debt by €40 million year-on-year. At the end of December, the ratio of net debt to Adjusted EBITDA stood at 2.4 times, down 0.3x versus same time last year.","length":329,"tagName":"p"},{"type":"text","content":"In 2024, North America delivered a strong organic performance, with sales up 7%. Southern Europe and Rest of Europe were down 4% and 1%, respectively. Rest of the world grew 4%. Fluidra finished the year with revenue growth across all regions in Q4, including double-digit growth in North America.","length":297,"tagName":"p"},{"type":"text","content":"The Simplification Program to drive a more efficient organisation and deliver margin expansion is on track. Cumulative savings since it was launched two years ago amounted to €68 million by the end of 2024. The program is expected to reach its goal of a total of €100 mil...