{"id":104862,"date":"2025-01-08T03:12:00","date_gmt":"2025-01-08T06:12:00","guid":{"rendered":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/fiscal-q1-2025-revenues\/"},"modified":"2025-01-08T03:12:00","modified_gmt":"2025-01-08T06:12:00","slug":"fiscal-q1-2025-revenues","status":"publish","type":"post","link":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/fiscal-q1-2025-revenues\/","title":{"rendered":"Fiscal Q1 2025 Revenues"},"content":{"rendered":"Pluxee N.V.<\/b><\/p>\n
Fiscal Q1 2025 Revenues<\/strong><\/p>\nIssy-les-Moulineaux, France January 8th, 2025 <\/p>\n
A robust start to the year, in line with the Group’s strategic and financial objectives<\/strong><\/p>\nHighlights<\/strong><\/p>\n\n- Business momentum continuing to be strong in the first quarter<\/strong>, fueled by solid net retention and a development pipeline on track to meet full year objectives<\/li>\n
- Total Revenues<\/strong> grew organically by +<\/strong>13.2% <\/strong>reaching <\/strong>289<\/strong> million euros in Fiscal Q1 2025,<\/strong> providing a solid foundation to achieve the low-double-digit growth target for the full year<\/li>\n
- Operating revenue increasing by +<\/strong>12.1%<\/strong> organically up to <\/strong>249<\/strong> million euros<\/strong>, driven by Employee Benefits which sustained its strong growth trajectory with +14.9%<\/strong> organic growth <\/li>\n
- Float revenue standing at <\/strong>40<\/strong> million euros<\/strong>, continuing to grow compared to Fiscal Q1 2024, as expected<\/li>\n
- Continued execution of the M&A roadmap <\/strong>with the acquisition of Benef\u00edcio F\u00e1cil<\/strong> and the deployment of the Santander<\/strong> partnership<\/strong> in Brazil along with the Cobee<\/strong> integration in Spain<\/li>\n
- On track to meet strategic and financial objectives both in <\/strong>Fiscal 2025 and 2026<\/li>\n<\/ul>\n
Fiscal Q1 2025 key figures<\/strong><\/p>\n\n\n| (in million euros) <\/td>\n | Fiscal Q1 2025<\/strong> <\/td>\n Fiscal Q1 2024<\/strong> <\/td>\n Organic Growth (%)<\/strong> <\/td>\n Total Growth\u00a0<\/strong>(%)<\/strong> <\/td>\n<\/tr>\n\n| Operating revenue <\/td>\n | 249 <\/td>\n | 231 <\/td>\n | \u00a012.1%<\/em> <\/td>\n \u00a07.7%<\/em> <\/td>\n<\/tr>\n\n| Float revenue <\/td>\n | 40 <\/td>\n | 35 <\/td>\n | \u00a020.9%<\/em> <\/td>\n \u00a015.1%<\/em> <\/td>\n<\/tr>\n\n Total Revenues<\/strong> <\/td>\n 289<\/strong> <\/td>\n| 266 <\/td>\n | \u00a013.2%<\/em><\/strong> <\/td>\n \u00a08.7%<\/em> <\/td>\n<\/tr>\n\n of which<\/em> <\/td>\n| \u00a0 <\/td>\n | \u00a0 <\/td>\n | \u00a0 <\/td>\n | \u00a0 <\/td>\n<\/tr>\n | \n| Continental Europe <\/td>\n | 120 <\/td>\n | 108 <\/td>\n | \u00a09.1%<\/em> <\/td>\n \u00a010.4%<\/em> <\/td>\n<\/tr>\n\n| Latin America <\/td>\n | 112 <\/td>\n | 110 <\/td>\n | \u00a010.7%<\/em> <\/td>\n \u00a02.0%<\/em> <\/td>\n<\/tr>\n\n| Rest of the world <\/td>\n | 58 <\/td>\n | 48 <\/td>\n | \u00a028.8%<\/em> <\/td>\n \u00a020.1%<\/em> <\/td>\n<\/tr>\n\n of which<\/em> <\/td>\n| \u00a0 <\/td>\n | \u00a0 <\/td>\n | \u00a0 <\/td>\n | \u00a0 <\/td>\n<\/tr>\n | \n| Employee Benefits <\/td>\n | 249 <\/td>\n | 224 <\/td>\n | \u00a016.3%<\/em> <\/td>\n \u00a011.1%<\/em> <\/td>\n<\/tr>\n\n| Other products & services <\/td>\n | 40 <\/td>\n | 42 <\/td>\n | -3.5 %<\/em> <\/td>\n| \u00a0-4.3%<\/em> <\/td>\n<\/tr>\n<\/table>\n Aur\u00e9lien Sonet, Chief Executive Officer of Pluxee, commented:<\/strong><\/p>\n“In the first quarter of Fiscal 2025, the Group continued to demonstrate strong business momentum, establishing a solid foundation for our growth ambition for the full year.<\/em><\/p>\nThe strong performance in Employee Benefits, supported by a sound net retention rate and continued new client acquisitions, drove organic revenue growth in the low double-digit range.<\/em><\/p>\nIn terms of M&A, the execution of our ambitious partnership with Santander and the integration of Cobee are progressing well, with both contributing increasingly to our organic growth trajectory. We were also pleased to announce the signing of an agreement to acquire Benef\u00edcio F\u00e1cil, a tech-enabled leader in employee mobility benefits in Brazil.<\/em><\/p>\nBuilding on this robust start to the year, we are confident in our ability to successfully deliver our strategic and financial objectives.”<\/em><\/p>\nPositive business momentum<\/strong><\/p>\nTotal Business volumes<\/strong> issued reached 6.5 billion euros<\/strong> in the first quarter of Fiscal 2025, compared to 6.1 billion euros last year.<\/p>\nEmployee Benefits<\/strong> business volumes stood at 4.8 billion euros<\/strong>, with +10.4%<\/strong> organic growth. It reflects the strong commercial dynamics across regions, driven by net retention, thanks to the appealing client value proposition that enhances customer loyalty, and further increases in average face value. The development pipeline is also on track with the 1.3 billion euros annual objective, including a robust contribution from Small and medium-sized enterprises (SMEs).<\/p>\nOther products & services<\/strong> business volumes returned to growth increasing by +5.9% <\/strong>organically in the quarter. The base effects in Public Benefits in Europe faded, although the line of service continued to be impacted by the discontinuation of a contract in Chile.<\/p>\nFiscal Q1 2025 revenue performance<\/strong><\/p>\nTotal Revenues<\/strong> reached 289\u00a0million euros<\/strong> in Fiscal Q1 2025, growing +13.2%<\/strong> organically year-on-year, as a result of continuous positive business momentum in Employee Benefits operating revenue and a steady contribution from Float revenue. Total growth reached +8.7% compared to Fiscal Q1 2024. It includes a currency effect of -7.6% mainly related to Brazil, Mexico and T\u00fcrkiye, partially compensated by a +3.0% positive scope effect reflecting the acquisition of Santander’s Employee Benefits activity in Brazil and Cobee in Spain.<\/p>\nTotal Revenues by nature<\/strong><\/strong><\/p>\n\n\n| (in million euros) <\/td>\n | Fiscal Q1 2025<\/strong> <\/td>\n Fiscal Q1 2024<\/strong> <\/td>\n Organic Growth (%)<\/strong> <\/td>\n Total Growth\u00a0<\/strong>(%)<\/strong> <\/td>\n<\/tr>\n\n| Operating revenue <\/td>\n | 249 <\/td>\n | 231 <\/td>\n | \u00a012.1%<\/em> <\/td>\n \u00a07.7%<\/em> <\/td>\n<\/tr>\n\n| Float revenue <\/td>\n | 40 <\/td>\n | 35 <\/td>\n | \u00a020.9%<\/em> <\/td>\n \u00a015.1%<\/em> <\/td>\n<\/tr>\n\n Total Revenues<\/strong> <\/td>\n 289<\/strong> <\/td>\n| 266 <\/td>\n | \u00a013.2%<\/em><\/strong> <\/td>\n| \u00a08.7%<\/em> <\/td>\n<\/tr>\n<\/table>\n Operating revenue<\/strong> reached 249\u00a0million euros<\/strong>, with +12.1%<\/strong> organic growth in Fiscal Q1 2025 and +7.7% total growth including a +2.8% scope effect and a -7.1% currency translation effect. Pluxee sustained its double-digit organic growth trajectory in Operating revenue, driven by Employee Benefits.<\/p>\nFloat revenue<\/strong> amounted to 40\u00a0million euros<\/strong> in Fiscal Q1 2025, increasing +20.9%<\/strong> organically year-on-year, i.e. +15.1% total growth including +4.9% scope effect and a -10.8% currency translation effect. The upward trend in Float revenue was supported by the growing Float base fueled by a continuous increase in business volumes issued and an improved average investment yield year-on-year. As expected, the organic growth rate of Float revenue has leveled off compared to Fiscal 2024, as a result of interest rates peaking last year notably in Continental Europe while still supported by high interest rates in Latin America.<\/p>\nOperating revenue by line of service<\/strong><\/strong><\/p>\n\n\n| (in million euros) <\/td>\n | Fiscal Q1 2025<\/strong> <\/td>\n Fiscal Q1 2024<\/strong> <\/td>\n Organic Growth (%)<\/strong> <\/td>\n Total Growth\u00a0<\/strong>(%)<\/strong> <\/td>\n<\/tr>\n\n| Employee Benefits <\/td>\n | 212 <\/td>\n | 193 <\/td>\n | \u00a014.9%<\/em> <\/td>\n \u00a09.9%<\/em> <\/td>\n<\/tr>\n\n| Other products and services <\/td>\n | 37 <\/td>\n | 38 <\/td>\n | \u00a0-2.6%<\/em> <\/td>\n \u00a0-3.3%<\/em> <\/td>\n<\/tr>\n\n Operating revenue<\/strong> <\/td>\n 249<\/strong> <\/td>\n| 231 <\/td>\n | \u00a012.1%<\/em><\/strong> <\/td>\n| \u00a07.7%<\/em> <\/td>\n<\/tr>\n<\/table>\n Employee Benefits<\/strong> generated Operating revenue of 212\u00a0million euros<\/strong> in Fiscal Q1 2025, up +14.9%<\/strong> organically, i.e. +9.9% total growth including a -8.4% currency effect and a +3.4% scope effect. This performance was driven by robust commercial dynamics, resulting in low double-digit growth in business volumes and an improved take-up rate compared to Fiscal Q1 2024.<\/p>\nOther products & services<\/strong> generated Operating revenue of 37\u00a0million euros<\/strong> in Fiscal Q1 2025 compared to 38\u00a0million euros in Fiscal Q1 2024. The dynamic trend in Employee Engagement, Rewards & Recognition was still offset by the temporary impact of the discontinuation of a public benefit contract in Chile. A progressive return to growth of the line of service is expected in Fiscal 2025.<\/p>\nOperating revenue by region<\/strong><\/strong><\/p>\n\n\n| (in million euros) <\/td>\n | Fiscal Q1 2025<\/strong> <\/td>\n Fiscal Q1 2024<\/strong> <\/td>\n Organic Growth (%)<\/strong> <\/td>\n Total Growth\u00a0<\/strong>(%)<\/strong> <\/td>\n<\/tr>\n\n| Continental Europe <\/td>\n | 105 <\/td>\n | 94 <\/td>\n | 9.7% <\/em> <\/td>\n 11.1%<\/em> <\/td>\n<\/tr>\n\n| Latin America <\/td>\n | 98 <\/td>\n | 97 <\/td>\n | 11.1% <\/em> <\/td>\n 1.9%<\/em> <\/td>\n<\/tr>\n\n| Rest of the world <\/td>\n | 46 <\/td>\n | 40 <\/td>\n | 20.0% <\/em> <\/td>\n 14.0%<\/em> <\/td>\n<\/tr>\n\n Total Operating revenue<\/strong> <\/td>\n 249<\/strong> <\/td>\n| 231 <\/td>\n | 12.1%<\/em><\/strong> <\/td>\n| 7.7%<\/em> <\/td>\n<\/tr>\n<\/table>\n In Continental Europe<\/strong>, Operating revenue reached 105\u00a0million euros<\/strong> in Fiscal Q1 2025, showing a | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |