Fluidra Sa (FLUIF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to our first quarter 2025 results call. I'm Clara Valera, Strategy, Investor Relations, and FP&A Senior Director. Joining me today on this call is our Executive Chairman Eloy Planas, our CEO Jaime Ramirez, and Xavier Tintoret, our CFO. They will walk you through a few slides on our results, and then they will all be available to take your questions. You can follow this presentation in its original English version or in Spanish. Please select from your preferred option in the drop-down menu at the bottom right-hand side of the screen. If you would like to ask a question, please find the information and instructions in the Ask a Question tab on the webcast. Please register to receive that in details. After the registration process, you will need to press star five on your telephone keypad to ask your question. The presentation is accessible via our website, fluidra.com, and has also been uploaded to the Stock Exchange Commission this morning. A replay will be made available on our website later today. With that, I hand over to our Executive Chairman, Eloy Planos. Thank you, Clara. Good morning, and thank you for joining our first quarter 2025 results call and for your interest in Fluidra. Jaime and Xavier will provide more details shortly, but let me start with a few key points from my side. We deliver a strong Q1 performance with sales up 7 percent and growth across all regions in a dynamic environment. This is our third consecutive quarter with year-on-year volumes growth, which is strongly up in North America and also growing in Europe. we are clearly outperforming the market. We expanded gross margin by 250 basis points thanks to the diligent execution of our simplification program, which is on track to deliver the savings expected for the...