Pluxee Posts Solid Q3 Organic Growth, Reaffirms Full-Year Outlook

KUALA LUMPUR, July 3 (Bernama) -- Pluxee reported an 11.1 per cent organic increase in revenue to 310 million euros for the third quarter of fiscal year 2025 (Q3 FY2025), supported by continued demand for employee benefits, keeping the group on track to meet its full-year financial objectives. (1 euro = RM4.97) 

Operating revenue reached 270 million euros, up 11.1 per cent organically, with contributions notably weighted toward Latin America and markets in the rest of the world, while float revenue rose by 10.8 per cent organically to 39 million euros, slightly exceeding expectations, driven by a growing float base and improved investment yields.

In a statement, Pluxee Chief Executive Officer, Aurélien Sonet credited the strong performance to the group’s balanced growth model and consistent global execution.

“The solid performance delivered by Pluxee over the first nine months reflects not only the strength and resilience of our business model but also the daily commitment of our teams across the world. We remain confident in our ability to deliver on our full-year ambitions,” he said.

The group’s Employee Benefits segment remained the key growth driver, generating 234 million euros in operating revenue, an increase of 12.8 per cent organically. Business volumes issued reached 4.6 billion euros for the quarter, up 6.7 per cent organically, supported by improved client retention and rising take-up rates.

In Latin America, operating revenue rose 13.6 per cent organically to 106 million euros, aided by Pluxee’s strategic partnership with Santander and a recovery in public benefit contracts in Chile. Europe and the Rest of the World posted organic growth of 8.8 per cent and 11.0 per cent, respectively.

Pluxee continued its mergers and acquisitions (M&A) strategy during the quarter, including the signing of the MyBenefits acquisition in Romania, progressing on its partnership with Santander, and advancing the integration of Cobee in Spain and Benefício Fácil in Brazil.

The company reaffirmed its full-year guidance, targeting low double-digit organic revenue growth and a 150 basis points (bps) increase in recurring earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin at constant fiscal FY2024 rates.

Outlook for FY2026 remains unchanged, with similar revenue growth targets, margin expansion, and a recurring cash conversion rate above 75 per cent over the FY2024 to FY2026 period.

-- BERNAMA