KUALA LUMPUR, Nov 1 (Bernama) -- French-based company, Pluxee has posted net profit of 133 million euros for the full year, up 64.2 per cent from 81 million euros in the same period of the prior year driven by outstanding performance in fiscal 2024 exceeding all business and financial objectives. (1 euro = RM4.76)
The company’s revenue rose 15 per cent to 1.210 billion euros, representing over 18.6 per cent organic growth, well above the low double-digit target.
“As we transition to fiscal 2025, I am confident that Pluxee is well-positioned to deliver on its objectives going forward, continuing to generate sustainable low double-digit organic growth combined with steady margin expansion and strong cash flow generation.
“This is underpinned by the disciplined execution of our strategic roadmap, driven by product innovation, a powerful commercial engine, best-in-class tech capabilities and a targeted mergers and acquisitions strategy, creating value for all our shareholders, clients, consumers and merchant partners,” said its Chief Executive Officer, Aurélien Sonet in a statement.
Recurring earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at 430 million euros, growing 24.8 per cent organically, compared with 363 million euros, with recurring EBITDA margin at 35.6 per cent, an organic increase of 183 basis points (bps) compared to the initial objective of stable margin.
Furthermore, Pluxee has enhanced its distribution policy with 0.35 euro proposed dividend per share, corresponding to 25 per cent payout based on adjusted net profit of 203 million euros.
The company has revised upward its fiscal 2025 and 2026 outlooks, reflecting its confidence in structural market growth trends, its proven business model and its ability to successfully deploy strategic plan.
Additionally, Pluxee has confirmed its target for low double-digit organic revenue growth each year given a higher fiscal 2024 base.
It is targeting a 75 bps increase in recurring EBITDA margin expansion in each of fiscal 2025 and 2026, and expecting to reach its three-year target of a 250 bps organic increase one year ahead of plan.
The company also expects recurring cash conversion above 75 per cent on average over fiscal 2024–2026, compared to above 70 per cent previously announced.
-- BERNAMA
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