Pluxee Surpasses Revenue Projections With New, Ongoing Contracts
KUALA LUMPUR, Jan 8 (Bernama) -- French-based company, Pluxee reported a 12.1 per cent increase in organic growth for its operating revenue in the first quarter of fiscal 2025, reaching 249 million euros, largely driven by Employee Benefits. (1 euro = RM4.64)
The strong performance was fuelled by sound net retention and continued new client acquisitions, which continued its strong growth trajectory with an impressive rise of 14.9 per cent organic growth.
Pluxee Chief Executive Officer, Aurélien Sonet said the group continued to demonstrate strong business momentum in the first quarter, establishing a solid foundation for its growth ambition for the full year.
“Building on this robust start to the year, we are confident in our ability to successfully deliver our strategic and financial objectives,” he said in a statement.
Despite a challenging economic environment in Continental Europe, Pluxee expects future growth to shift more towards Latin America and the rest of the world, in the coming quarters.
Pluxee's expansion into Latin America continues to thrive, with an 11.1 per cent growth in the region, with its operating revenue reaching 98 million euros in the first quarter.
The acquisition of Benefício Fácil in Brazil is expected to enhance profits starting in the second half of the fiscal year. Additionally, its partnership with Santander in Brazil has seen significant progress, with approximately 90 per cent of the business volume migration completed, along with the successful Cobee integration in Spain.
The company also confirmed its outlook for the 2025 and 2026 fiscal year. With these strong results and ongoing strategic initiatives, Pluxee is on track to meet both its 2025 and 2026 objectives.
The company’s focus on organic growth, coupled with its continued expansion through strategic acquisitions and partnerships, positions it well for continued success in the coming quarters.
-- BERNAMA