Pluxee Lifts FY2025 Outlook After Strong First-half Performance

KUALA LUMPUR, April 17 (Bernama) -- Pluxee, a global player in employee benefits and engagement, reported total revenues of 635 million euros for the first half of fiscal year 2025 (H1 FY2025), marking organic growth of 10.8 per cent, in line with its full-year low double-digit growth objective. (1 Euro = RM5.00)

This includes 552 million euros in operating revenue, which increased by 10.1 per cent organically, and 83 million euros in float revenue, which rose by 16.2 per cent organically.

Pluxee in a statement said it also achieved a remarkable 55.5 per cent year-over-year increase in net profit to 106 million euros, benefitting from strong revenue growth, margin expansion, and normalisation of spin-off-related costs compared to the previous year.

“I am pleased to share that, halfway through the deployment of the group's three-year strategic growth plan, we have made significant progress on our key initiatives, exceeding the targets set in January 2024, while maintaining a steady focus on driving profitable growth.

“Following a remarkable performance in fiscal 2024, the group has sustained its robust momentum in H1 FY2025. Our recently closed M&A deals have also begun to contribute positively and reinforce our global market position,” said Pluxee Chief Executive Officer, Aurélien Sonet.

Its recurring earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 22.5 per cent organically to 225 million euros, with the recurring EBITDA margin expanding by 260 basis points organically to reach 36.4 per cent.

The group also posted 171 million euros in recurring free cash flow, supported by a 76 per cent recurring cash conversion rate and a robust net financial cash position of 1.045 billion euros as of Feb 28, 2025.

Throughout the first half of fiscal 2025, Pluxee continued to receive recognition through multiple awards for its strong commitment to sustainability, embracing environmental, social, and governance (ESG) practices, as well as business integrity, transparency, and a focus on fostering employee engagement and development.

The strong performance delivered in H1 FY2025 as well as the resilience of the group's business model in the current environment enable Pluxee to upgrade its recurring EBITDA margin objective and confirm its total revenues organic growth objective for fiscal 2025, while also keeping its financial objectives unchanged by fiscal 2026.

-- BERNAMA