PLUXEE FISCAL 2024 RESULTS
Issy-les-Moulineaux, France, Nov 1 (Bernama-GLOBE NEWSWIRE) --
Fiscal 2024 Results
Issy-les-Moulineaux, France – October 31st, 2024
Pluxee achieved outstanding performance in Fiscal 2024 exceeding all business and financial objectives
Fiscal 2025 and 2026 objectives upgraded
Highlights
• All business targets achieved - Strong commercial development fueled by continuous investment in Pluxee's full range of innovative solutions, powerful commercial engine and best-in-class tech capabilities
• €1,210m Total revenues, representing +18.6% Organic revenue growth, well above low double-digit target
• €430m Recurring EBITDA, growing +24.8% organically, with a Recurring EBITDA margin at 35.6% reported, i.e. 36.4% on an organic basis implying a +183bps increase, compared to initial objective of stable margin
• €379m Recurring free cash flow, i.e. 88% cash conversion rate significantly above 70% target and increased Net financial cash position of €1,054m
• Enhanced shareholder distribution policy with €0.35 proposed dividend per share, corresponding to a 25% payout based on an expanded basis of Adjusted net profit1 at €203m
• Fiscal 2025 and 2026 financial objectives revised upward reflecting the Group's confidence in structural market growth trends, its proven business model and ability to deliver successfully on its strategic plan:
- low double-digit Organic revenue growth each year confirmed on a higher Fiscal 2024 base;
- +75bps Recurring EBITDA margin expansion expected in each of Fiscal 2025 and 20262, leading to delivery of the initial 3-year target of +250bps organic increase one year ahead of plan
- above 75% Recurring cash conversion rate on average over Fiscal 2024-2026 vs. above 70% previously
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