Fluidra, S.A. — Cyborg Score 7/10

Strong
Swimming Pool Equipment & Wellness Solutions Manufacturing

Strategic Profile

The company's expansion in aftermarket, smart solutions, and dealer-focused strategies is driving stable growth and stronger margins, with operational efficiencies and exposure to global commercial pool projects fortifying long-term profitability. In the first nine months of 2025, Fluidra achieved sales of €1,724 million, up 5% year-on-year.

Cyborg Score Rationale

The company is included in the Ibex 35 and the FTSE4Good Index Series, the benchmark sustainability index, indicating strong market position and governance. Recent acquisitions and strategic expansion demonstrate growth momentum, though tariff exposure presents near-term headwinds.

Top Insights

  • North America growing 8% with Europe growing around 3% in the first half of 2025, showing geographic resilience with North America as growth engine
  • Recent acquisition of Variopool in December 2025 and acquisition of Pooltrackr software company demonstrate aggressive M&A strategy in connected solutions
  • North America accounts for 44.5% of net sales, making it the dominant geographic segment, creating currency and tariff risk exposure
  • Dividend yield of 2.07% in 2024 with 66.82% payout ratio shows strong cash generation and shareholder returns

Named Competitors

  • Hayward Holdings — Swimming pool equipment and commercial aquatics solutions
  • Pentair — Pool and spa equipment manufacturer

Recent Developments

  • (December 2025) Acquired Variopool to expand connected solutions portfolio
  • (May 2025) Acquired Pooltrackr, a Software-as-a-Service company for pool management
  • (9M 2025) Achieved €1,724M in sales, up 5% YoY with positive pricing and volume contribution

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