Fluidra’s AGM approves the 2020 accounts and a 0.40 euros-per-share dividendMay 6, 2021
Fluidra reported 1,488 million euros in sales and a 19.3% increase in EBITDA to 321 million euros in 2020.
The dividend of 0.40 euros per share will amount to a maximum payout of 78 million euros, almost doubling the dividend paid out in 2020.
The re-election of Eloi Planes, Bernardo Corbera Serra and Óscar Serra Duffo as board directors was ratified at the meeting.
Fluidra held today its Annual Shareholders Meeting in an online format. Fluidra's AGM approved the 2020 accounts with all its yearly targets achieved and a solid medium-term outlook.
Following the new dividend policy of a payout of c.50% of Net Cash Profit, the shareholders also approved the payment of a 0.40 euros per share dividend from voluntary reserves.
Fluidra will make an initial payment of 0.20 euros per share on July 6 and an additional payment of 0.20 euros per share on November 3, for a total maximum payout of 78 million euros, which is almost double the 41 million euros paid in 2020.
Fluidra reported sales of 1,488 million euros in 2020, an 8.8% increase over 2019 (11% growth once adjusted for currency and perimeter). Net profit came in at 96 million euros and EBITDA was up by 19.3% to 321 million euros.
In view of these results, the company's Executive Chairman, Eloi Planes, said that looking ahead to 2021, the “backyard experience” and the “flight-to-the-suburbs” trends reinforce the solid fundamentals of the business and the resilience of the sector. On this point, he noted that “Today we also presented our Q1 2021 results and I am proud to say that we have already surpassed each of our 2022 Strategic Plan targets base on our last-twelve-months performance. That is over a year ahead of schedule." Eloi Planes adds, “In addition, 2021 will be a crucial year for the rollout of our ESG strategy, with its various environmental, social and governance objectives to which we are firmly committed”.
All of this is laid out in Fluidra’s "Responsibility Blueprint" plan for the period 2020-2026, one of whose many measures includes the commitment to become a carbon neutral company in terms of Scope 1 and 2 by 2027.
Finally, the re-election of Eloi Planes, Bernardo Corbera Serra and Óscar Serra Duffo as board directors was ratified at the meeting.