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DB - Fluidra: Expect A 12% CAGR EBITDA Growth Over The Next 3 Years
Deutsche Bank AG
Introduction
Last week we discussed Renewi (OTCPK:SHMCF) (OTC:SNKSY), a UK-listed waste management company with the epicenter of its activities in the Netherlands and Belgium. Renewi is a company in full turnaround modus, with a specific focus on quickly reducing its net debt.
In today's edition of Focus on Europe, Fluidra (OTC:FLUIF) is in a similar position. It merged with Zodiac last year to become the largest player in the world in its sector. The combination of both companies should create quite a bit of economies of scale, and