In the first half of Fiscal 2025, Pluxee Group showcased impressive financial performance across various key metrics. The company achieved significant growth in its total revenues and demonstrated a strong commitment to operational efficiency, leading to an enhanced profitability profile. This was driven by a combination of organic growth, strategic acquisitions, and favorable market conditions.
Pluxee's revenue streams exhibited remarkable resilience and expansion during this period. Total Revenues climbed to 635 million euros, reflecting a year-on-year increase of 7.2%. Operating revenue reached 552 million euros, growing organically by 10.1% compared to the same period last fiscal year. The group's Float revenue also saw substantial growth, rising to 83 million euros with a 16.2% organic increase. These figures were bolstered by robust performances in Employee Benefits and Other Products and Services, which contributed significantly to the overall revenue growth. Regional breakdowns further highlighted the strength of operations in Continental Europe, Latin America, and Rest of the World, each showing varying degrees of organic growth despite currency fluctuations.
The financial health of Pluxee Group remained solid, evidenced by a Recurring EBITDA margin that expanded by 260 basis points on an organic basis. The group recorded a Recurring EBITDA of 225 million euros, representing a 22.5% organic increase from the previous fiscal year. Operating profit surged by 31.9% to reach 158 million euros, while Net Profit attributable to the equity holders of the parent increased by 47.3%, totaling 97 million euros. Furthermore, the group maintained a strong cash position, with Recurring free cash flow at 171 million euros and a Recurring cash conversion rate of 76%, underscoring the company’s effective cash management strategies.
Beyond financial achievements, Pluxee Group continued to prioritize sustainability and innovation. Recognized for its commitment to environmental, social, and governance (ESG) practices, the company received multiple awards during the period. Notably, it became the first in its sector in France to obtain the Sustainable IT Label, reinforcing its dedication to sustainable digital practices. Additionally, Pluxee strengthened its market presence through strategic acquisitions, including Cobee and Benefício Fácil, enhancing its offerings and technological capabilities globally.
Looking ahead, Pluxee Group remains optimistic about its prospects, affirming its commitment to achieving low double-digit total revenue growth and expanding its Recurring EBITDA margin by 150 basis points for Fiscal 2025. The company's robust financial foundation, coupled with its focus on sustainability and innovation, positions it well to navigate future challenges and capitalize on emerging opportunities. By maintaining a balanced approach to growth and financial discipline, Pluxee aims to create enduring value for its stakeholders and contribute positively to society and the environment.