Earnings release
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Fluidra posts a record quarter , increasing net profit to 67.3 million euros and upgrading its outlook for 2021 fluidra.com/press-releases/fluidra-posts-a-record-quarter-increasing-net-profit-to-67-3-million-euros-and-upgrading its - outlook - for - 2021 • Sales were up 61 % to 508 million euros and EBITDA increased by 162 % to 135 million euros , with an EBITDA margin of 26.5 % . • The company further improves its outlook for 2021 with sales expected to increase between 25 % to 30 % at constant FX . • The company is confident that 2021 will be a record year based on the continued strong business fundamentals and execution . Business world 010101011011101010101101110101010110 101110101010110111010101011011 101045CB84CA 4011101010110111010101011011 11101010101101101 1011101010 1011 101 $ 10101101101ad 01011011 1011011 10101101 1010 1101 010110111016 10110111010 D45CB84CA D45CB84CA money Fluidra , a global leader in pool and wellness equipment , closed the first quarter of the year with magnificent results driven by excellent growth and operational leverage in an anticipated start to the pool season . The company ended the quarter with 508 million euros in sales , up 61 % on the same period in 2020 , and a net profit of 67 million euros , which is a 42 - fold increase on profits from the first quarter of 2020. EBITDA was up 162 % to 135 million euros and a 26.5 percent margin . Cash Net Profit , a key proxy for Fluidra that excludes non - cash items and non - recurring expenses , was up by 360 % to 82 million euros . This result has benefited from excellent operational leverage and lower cost of debt . 1/2