Fluidra to become part of the IBEX 35

Rhea-AI Summary

Fluidra has been selected to join the prestigious IBEX 35 index, effective March 29, 2021, following criteria based on market capitalization and liquidity. The company boasts a market cap exceeding 4.5 billion euros, surpassing eleven current IBEX 35 constituents. In 2020, Fluidra achieved record sales of 1,488 million euros and a net profit of 166 million euros. For 2021, anticipated sales growth is between 12% and 15%, indicating a strong performance ahead, particularly following the recent CMP acquisition.

Positive

• Fluidra joins the IBEX 35 index, increasing company visibility.
• Market capitalization exceeds 4.5 billion euros, higher than 11 IBEX 35 companies.
• Record 2020 results: sales of 1,488 million euros and net profit of 166 million euros.
• Expected sales growth of 12% to 15% in 2021.

Negative

• None.

BARCELONA, March 23, 2021 /PRNewswire/ -- Fluidra, a global leader in pool and wellness equipment, has been selected to be part of the prestigious IBEX 35 index, produced by BME. Fluidra is expected to become part of the index as of March 29.

The Technical Advisory Committee's decision to include Fluidra is based on the entry capitalization criteria which states that entering members' last six months average capitalization must be greater than 0.3% of the index. However, the most important factor for eligibility is liquidity, since the objective is to choose sizeable companies with the highest trading volume.

Fluidra currently has a market capitalization of more than 4.5 billion, which exceeds the size of eleven current constituents of the IBEX 35.

The company presented the best results in its history in 2020, with a cash net profit of 166 million euros and sales of 1,488 million euros. After a record 2020 in sales and profit, the first indicators point to a very positive 2021, with expected sales increase between 12% and 15%, driven by strong underlying growth on top of the recently announced CMP acquisition.

Eloi Planes, Executive Chairman of Fluidra states, "Entering the IBEX 35 increases the visibility of the company and its presence in passively managed and indexed funds. Accessing the IBEX 35 was not an objective in itself, but is a reflection of the work carried out during these past years by our great team with our customers and all stakeholders involved. Together we have achieved this milestone, and together we will continue working hard to deliver our mission 'a perfect pool and wellness experience.'"

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SOURCE Fluidra

FAQ

When will Fluidra become part of the IBEX 35 index?

Fluidra will be part of the IBEX 35 index starting March 29, 2021.

What is Fluidra's market capitalization?

Fluidra has a market capitalization of over 4.5 billion euros.

What were Fluidra's sales and profit figures for 2020?

In 2020, Fluidra reported sales of 1,488 million euros and a net profit of 166 million euros.

What is the expected sales growth for Fluidra in 2021?

Fluidra expects sales growth between 12% and 15% for 2021.

What factors contributed to Fluidra's inclusion in the IBEX 35?

Fluidra's inclusion was based on market capitalization and liquidity criteria set by the Technical Advisory Committee.