BUZZ-Fluidra's shares jump after Q3 results beat consensus

Reuters10-31 16:40

** Shares of Fluidra climb around 6.7%, top of IBEX index , after Spanish swimming pool equipment company released its Q3 results beating consensus

** Sales were up to 466 million euros ($505.98 million) and EBITDA was up to 386 million euros YTD

** J.P. Morgan underlined Fluidra's Q3 beat consensus on sales and adjusted EBITDA with organic growth of +7.3% much better than JPM estimates at +3.7%

** "North America was strong (+9.3%) and Europe returned to growth for the first time since Q1’22, with a better development than expected", it adds

** Share on track for a best day since Aug 1, 2024, when it closed 8.6 % higher

($1 = 0.9210 euros)

(Reporting by Tiago Brandao)

((Tiago.Brandao@thomsonreuters.com;))

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