Fluidra increases its dividend by 50%
May 3, 2016The AGM approved the Annual Accounts and the Directors’ Report, thus endorsing the good progress made by the company in terms of reaching the targets set in its 2018 Strategic Plan
The shareholders backed the payout of 10 million euros in dividends proposed by the company, an increase of 50%
Fluidra doubled its profits in 2015 with sales of 647.3 million euros and EBITDA of 72.2 million euros
Fluidra, the listed Spanish multinational group devoted to the development of applications for the sustainable use of water for Pools & Wellness, approved its Annual Accounts and Directors’ Report at its AGM. The shareholders have therefore given their support to the financial and operating results obtained in the business year ended at 31 December 2015, both by the Company and its group of consolidated companies, as well as approving all of the items on the agenda.
At today’s meeting, the shareholders gave their support to the 10-million-euro dividend payout proposed by the company, which has thus demonstrated that it is committed to maintaining an attractive dividend payout to shareholders, in this case involving an increase of 50%.
Ernst & Young was appointed as the new auditor of both the Company and its group of consolidated companies’ accounts.
The appointment of Dispur S.L., represented by Eulàlia Planes, as a new member of the Company’s Board of Directors was also ratified. This appointment covers the vacancy left on the Board by the Honorary President, Joan Planes Vila.
The AGM gave its full approval of the financial and operating results obtained in the previous business year (ended at 31 December 2015). Fluidra saw a 9% increase in sales, up to 647.3 million euros; and 9.9% in EBITDA, which reached 72.2 million euros. Net profit reached 13 million euros (+95.7%), driven by the Spanish market, with an increase of 11.4%, and by the Australia and Africa markets, with double-digit growth.
Eloi Planes, executive president of Fluidra, gave a breakdown of the operations conducted over 2015, of which he highlighted the acquisition of the South African company Waterlinx, in addition to the goodwill of the Spanish company Somhidros (ornamental fountains) and the French company EGT Aqua (wooden pools). The first quarter of 2016 was particularly favourable with growth of 16% in sales and 27% in operating profit. There is every indication that Fluidra is on the right track to reaching the targets of its Strategic Plan.
Last November, Fluidra presented its 2018 Strategic Plan with which the group anticipates reaching 750 million euros in sales and EBITDA of 100 million euros.