Fluidra Announces Earnings Results for the Six Months of 2021
July 30, 2021 at 03:02 am EDT
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Fluidra announced earnings results for the six months of 2021. For the six months, the company reported sales of €1,187 million, up 54% compared to the same period in 2020. Net profit reached €174 million, tripling the profits recorded in the first half of 2020. Cash net profit, a key proxy for Fluidra that excludes non-cash items and non-recurring expenses, was up 157% to €216 million.
Fluidra, S.A. specializes in the design, manufacturing and marketing of swimming pool equipment. The group also develops a production and equipment sales activity intended for water treatment. Net sales break down by family of products as follows:
- swimming pool equipment and accessories (80.2%);
- water treatment equipment (17.6%). Fluidra, S.A. also provides fluid carrying systems;
- other (2.2%): irrigation control systems.
Net sales are distributed geographically as follows: Southern Europe (26.7%), Europe (13.7%), North America (43.6%) and other (16%).