Barcelona-based Fluidra, a global leader in pool and wellness equipment, reported a 5.4% increase in sales to €564 million for the first quarter of 2026. This strong performance, measured at constant exchange rates, also saw the company's net profit climb by 6.4% to €46 million. The positive results reflect growth across all regions and a beneficial contribution from both sales volume and pricing strategies.
Fluidra's adjusted EBITDA reached €124 million, marking a 1.8% year-on-year increase at constant exchange rates. This figure represents a 22.0% margin for the period. The company's adjusted net profit also rose by 1.8% year-on-year, reaching €61 million. These figures demonstrate the company's ability to maintain profitability amidst various market conditions.
Financial Performance and Debt Reduction
The company's EBITDA margin faced influences from its geographic and product mix, alongside inflation and strategic investments. These factors presented challenges to profitability. However, positive pricing contributions and savings from an efficiency plan partially offset these impacts. Fluidra also showed strong cash generation, thanks to excellent working capital management, according to investor information. This effective management helped reduce the company's overall debt.
Net debt stood at €1,278 million at the end of March, a €57 million reduction compared to the same period last year. This reduction signals a stronger financial position for the company. Additionally, leverage improved to 2.6x, down from 2.7x in March 2025. Eloi Planes, Fluidra's Executive Chairman, commented on the results. He stated, "We recorded a good start to the year, with growth in all regions and a strong gross margin, while continuing to execute our strategic priorities in a dynamic environment."
Global Growth and Strategic Outlook
Fluidra experienced positive growth across all its regions, calculated at constant exchange rates and scope. North America saw an organic sales increase of 5%. Southern Europe grew by 6%, driven by positive momentum in France and Spain. The rest of Europe recorded a 4% increase, and the rest of the world also grew by 5%. This global expansion was particularly boosted by the commercial pool business, which performed well internationally.
Looking ahead, Mr Planes outlined Fluidra's priorities. He noted the company aims to "execute our strategy consistently, drive both organic and inorganic growth, and deliver improved returns on capital in the medium term." He added that the structural attractiveness of the sector supports confidence in continued value creation. This strategic focus aims to ensure sustained success for the Barcelona-headquartered firm, which plays a significant role in the city's business landscape. Fluidra's continued strong performance contributes to the economic health of the Barcelona metropolitan area and its surrounding communities.
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Originally published by Europa Press Barcelona. Read original article.
