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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Fluidra, S.A.    FDR   ES0137650018

FLUIDRA, S.A.

(FDR)
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Fluidra S A : strengthens its position in Latin America with the acquisition of Brazilian company Ten Four

08/11/2020 | 11:38am EST
  • The global leader in the pool and wellness equipment sector acquires the Brazilian company, which specializes in the production and sale of chemical products for swimming pools.
  • The move makes Fluidra the sole player in the Brazilian market with a combined business model: the manufacturing of both equipment and chemical products to treat swimming pool and wellness equipment.

August 11, 2020 Fluidra, a global leader in the pool and wellness equipment sector, has acquired Brazilian company Ten Four, which specializes in the production and sale of chemical products to treat swimming pool and wellness equipment, incorporating the company into its network in Latin America.

The move makes Fluidra the sole player in the Brazilian market that offers both swimming pool equipment as well as water treatment products, delivering significant added value to customers.

Ten Four has an annual turnover of around 17 million Brazilian Real, close to 2.7 million euros. The company is a white label manufacturer, primarily producing solid chlorine, algaecides, pH regulators, etc. Ten Four has roughly 6,000 m2 of modern facilities in Valinhos, a city on the outskirts of Sao Paulo.

Ten Four also has major supply contracts with leading third parties and will serve as a platform for the development of the AstralPool chemical range. By incorporating Ten Four's facilities into its network, Fluidra gains a chemical and industrial hub that will make it possible to cover the entire Latin American market.

Fernando Jorge, Ten Four's owner at the time of the acquisition, will continue to contribute his expertise as the company’s manager, reporting to José R. Fornieles, Fluidra’s General Manager for Latin America.

Fluidra CEO Bruce Brooks believes that the acquisition “is great news for all our customers in Latin America, one which allows us to build a common future full of opportunities and synergies, and to continue creating value for our shareholders. We are excited to welcome Fernando Jorge and his team to Fluidra.”

Fluidra also reached an agreement with Danish company Dantherm for the sale of SET Energietechnik GmbH, a German manufacturer specialized in dehumidification and heating equipment for swimming pools, which was acquired by Zodiac in 2013.

Dantherm, based in Skive, Denmark, is a leading supplier of heating products and solutions for various climate control applications including heating, dehumidification, cooling, and ventilation. According to Bruce Brooks: “We are convinced that SET’s acquisition by Dantherm represents a major opportunity to further develop its products and enter new markets. We thank the SET team for their hard work and commitment and wish them all the best for the future.”

Attachments

  • NP_TenFour_SET_ENG
  • NP_TenFour_SET_EN_ok

Fluidra_logo_RGB_azul.png

Source: FLUIDRA

2020 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2020 1 469 M 1 775 M 1 775 M
Net income 2020 91,0 M 110 M 110 M
Net Debt 2020 634 M 766 M 766 M
P/E ratio 2020 45,0x
Yield 2020 1,13%
Capitalization 4 017 M 4 856 M 4 853 M
EV / Sales 2020 3,16x
EV / Sales 2021 2,97x
Nbr of Employees 5 355
Free-Float 33,9%
Chart FLUIDRA, S.A.
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Fluidra, S.A. Technical Analysis Chart | FDR | ES0137650018 | MarketScreener
Technical analysis trends FLUIDRA, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 18,32 €
Last Close Price 20,70 €
Spread / Highest target 18,4%
Spread / Average Target -11,5%
Spread / Lowest Target -40,8%
EPS Revisions
Managers and Directors
NameTitle
Eloy Planes Corts Executive Chairman, Co-CEO & Executive President
Bruce Walker Brooks Co-Chief Executive Officer & Executive Director
Joe Linguadoca General Manager-Operations
Javier Tintoré Segura Chief Financial Officer
Bernat Garrigós Castro Director
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