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Blackrock reinforces its weight in Fluidra and increases its stake to more than 6%

Date: March 2, 2024 Time: 00:17:40

The American investment fund manager Blackrock has increased its stake in Fluidra to 6.03%, compared to the 5.015% it held before this latest operation, according to information submitted by the company to the National Securities Market Commission (CNMV). . With this operation, Blackrock has 11,583,955 Fluidra shares, which at the current trading price, around 16.22 euros per share, around 3:30 p.m., have a value of 187.89 million euros.

The company specialized in equipment and connected solutions in the pool and wellness sector obtained a net profit of 41 million euros in the first three months of 2023, which represents a decrease of 45.5% compared to the result recorded in the first quarter of 2022.

Fluidra results

Likewise, Fluidra reached sales of 554 million euros up to March, 17% less than in the first quarter of 2022. an Ebitda of between 410 and 480 million euros and a net cash profit per share of between 0.95 and 1.25 euros per title.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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