{"id":92624,"date":"2024-04-19T02:12:00","date_gmt":"2024-04-19T05:12:00","guid":{"rendered":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/pluxee-delivers-strong-performance-in-the-first-half-and-raises-fiscal-2024-organic-revenue-growth-and-recurring-ebitda-margin-objectives\/"},"modified":"2024-04-19T02:12:00","modified_gmt":"2024-04-19T05:12:00","slug":"pluxee-delivers-strong-performance-in-the-first-half-and-raises-fiscal-2024-organic-revenue-growth-and-recurring-ebitda-margin-objectives","status":"publish","type":"post","link":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/pluxee-delivers-strong-performance-in-the-first-half-and-raises-fiscal-2024-organic-revenue-growth-and-recurring-ebitda-margin-objectives\/","title":{"rendered":"Pluxee delivers strong performance in the First Half and raises Fiscal 2024 Organic revenue growth and Recurring EBITDA margin objectives"},"content":{"rendered":"<p><b>Pluxee International<\/b><\/p>\n<table style=\"border-collapse: collapse;width:395.85pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:527.8px;vertical-align: top\"><strong>First Half Fiscal 2024 Results<\/strong><br \/>Issy-les-Moulineaux, France  April 19, 2024<\/td>\n<\/tr>\n<\/table>\n<p><strong>\u00a0\u00a0<\/strong><strong> First Half Fiscal 2024 highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:3.6pt;text-align:justify\"><strong>Successful spin-off and listing<\/strong> on Euronext Paris on February 1, 2024 <\/li>\n<li style=\"margin-bottom:3.6pt;text-align:justify\"><strong>Organic revenue growth of +24%<\/strong> incl. +26% in Q2, reflecting buoyant performance across all regions <\/li>\n<li style=\"margin-bottom:3.6pt;text-align:justify\"><strong>Strong Recurring EBITDA <\/strong>at 201 million, i.e. +28% organic growth; <strong>34.4% margin<\/strong> at constant\u00a0rates <\/li>\n<li style=\"margin-bottom:3.6pt;text-align:justify\">Net profit of 68 million reflecting higher one-time items, mostly spin-off related <\/li>\n<li style=\"margin-bottom:3.6pt;text-align:justify\">Recurring free cash flow of 228 million, with strong <strong>Recurring Cash conversion of 113%<\/strong>\u00a0\u00a0<\/li>\n<li style=\"margin-bottom:3.6pt;text-align:justify\"><strong>Net cash position of 1,065 million<\/strong>, increasing by 206 million since August 31, 2023<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\"><strong>Fiscal 2024 financial objectives raised<\/strong>: Organic revenue growth expected between 15% to 17% and Recurring EBITDA margin expected at 35% at least including standalone costs at constant rates, while reaffirming all mid-term targets <\/li>\n<\/ul>\n<p><strong>First Half Fiscal 2024 key figures<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:41.86%;border-bottom: solid black 1pt\"><em>(in millions of euros)<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>H1<\/strong><br \/><strong>FY 2024<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>H1<\/strong><br \/><strong>FY 2023<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>Variation<\/strong><br \/><strong>(%)<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Variation at <br \/>constant rate <br \/>(%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt\"><strong>Total revenues<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\"><strong>593<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">488<\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">21.5%<\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">24.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt\"><strong>Recurring EBITDA<\/strong><br \/><em>Recurring EBITDA margin<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle\"><strong>201<\/strong><br \/><em>33.9%<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle\">163<br \/><em>33.5%<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle\">23.1%<br \/><em>+44bps<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle\">27.7%<br \/><em>+90bps<sup>(2)<\/sup><\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt\"><strong>Net profit for the period<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\"><strong>68<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">92<\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">-25.6%<\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">-18.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt\"><strong>Recurring free cash flow<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\"><strong>228<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">265<sup>(1)<\/sup><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">-14.0%<\/td>\n<td style=\"width:14.54%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt\"><em>Recurring cash conversion (%)<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\"><em>113%<\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\"><em>163%<sup>(1)<\/sup><\/em><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"width:14.54%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:41.86%;border-right: solid black 1pt;border-bottom: solid black 1pt\"><strong>Net financial cash position<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong>1,065<\/strong><\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">859<\/td>\n<td style=\"width:14.54%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">24.0%<\/td>\n<td style=\"width:14.54%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Note: (1) Excluding the net effects from the transfer of receivables as part of the Sodexo Group amounting to 65m in H1 FY 2023. <\/em><em>(2) Externalizing a 34.4% Recurring EBITDA margin at constant rate.<\/em><\/p>\n<p><strong>Aur\u00e9lien Sonet, Chief Executive Officer of Pluxee, commented: <\/strong><\/p>\n<p align=\"justify\"><em>Our first results as a standalone listed company demonstrate good progress in delivering the Group strategic growth plan as well as on our financial objectives. Strong business momentum continued during the First Half of Fiscal 2024, with topline growth exceeding expectations and strong improvement in recurring EBITDA. This success is a testament to the excellent work and unrelenting commitment of our entire team and I would like to thank all our colleagues for their contribution to this robust set of results. Our recent successful listing and inaugural bond issue have enabled Pluxee to take a significant step towards realizing our long-standing vision of being a leading global pure player in Employee Benefits &amp; Engagement. We are well positioned to continue delivering on our strategic plan, underpinned by a distinctive value proposition and supported by a wealth of expertise across our team, powerful tech and data capabilities and a disciplined M&amp;A strategy. Given our strong start to the year, we are raising our Fiscal 2024 organic growth and EBITDA margin objectives while reiterating our mid-term targets, reflecting our confidence in the second half of Fiscal 2024 and beyond.<\/em><\/p>\n<p><strong>First Half Fiscal 2024 results performance <\/strong><\/p>\n<p align=\"justify\">The Board of Directors of Pluxee N.V. prepared the financial statements for the First Half Fiscal 2024\u00a0(H1 FY 2024). The\u00a0Groups statutory auditor completed the usual limited review of these half-year consolidated financial statements. The main consolidated financial items are:<\/p>\n<p><strong>SUMMARIZED INCOME STATEMENT<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong><em><strong>(in millions of euros)<\/strong><\/em><\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>H1<\/strong><br \/><strong>FY 2024<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>H1<\/strong><br \/><strong>FY 2023<\/strong><\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Variation <br \/>(%)<\/strong><\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Variation<br \/> at constant <br \/>rate (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Total Revenues<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong>593<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">488<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">21.5%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">24.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\">Operating expenses<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\">(392)<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">(325)<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">20.7%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">22.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Recurring EBITDA<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong><strong>201<\/strong><\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\"><strong><strong>163<\/strong><\/strong><\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\"><strong><strong>23.1%<\/strong><\/strong><\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\"><strong><strong>27.7%<\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><em>Recurring EBITDA margin<\/em><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><em>33.9%<\/em><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\"><em>33.5%<\/em><\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\"><em>+44bps<\/em><\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\"><em>+90bps<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">Depreciation, amortization and impairment<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">(40)<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">(35)<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">13.7%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">14.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Recurring operating profit <br \/> (Recurring EBIT)<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong>161<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">128<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">25.7%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">31.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\">Recurring operating profit margin<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\">27.1%<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">26.2%<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\"><em>+91bps<\/em><\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\"><em>+144bps<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">Other operating income and expenses<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">(41)<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">(3)<\/td>\n<td style=\"width:12.32%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:13.66%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Operating profit (EBIT)<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong>120<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">125<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">-4.1%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">1.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">Financial result<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">(10)<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">11<\/td>\n<td style=\"width:12.32%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:13.66%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Profit before tax<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong>110<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">136<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">-19.2%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">-12.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\">Income tax expense<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\">(42)<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">(44)<\/td>\n<td style=\"width:12.32%\">\u00a0<\/td>\n<td style=\"width:13.66%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\"><strong>Net profit<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\"><strong>68<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">92<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle\">-25.6%<\/td>\n<td style=\"width:13.66%;text-align: right;vertical-align: middle\">-18.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt\">Net profit attributable to Group equity holders<\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle\">66<\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle\">89<\/td>\n<td style=\"width:12.32%\">\u00a0<\/td>\n<td style=\"width:13.66%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50.34%;text-align: left;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"><strong>Basic earnings per share (in euros)<\/strong><\/td>\n<td style=\"width:12.04%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong>0.45<\/strong><\/td>\n<td style=\"width:11.62%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">0.61<\/td>\n<td style=\"width:12.32%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">-26.6%<\/td>\n<td style=\"width:13.66%;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The consolidated financial statements were prepared in thousands of euros and are presented in million euros, after rounding to the nearest million (unless otherwise specified). As a result, there may be rounding differences between the amounts reported in the various statements.<\/p>\n<p><strong>Strong organic revenue growth of +24.0%<\/strong><\/p>\n<p align=\"justify\"><strong>Total revenues<\/strong> reached 593 million in the first half of Fiscal 2024, a +21.5% increase compared to H1\u00a0FY 2023, including a negative currency translation effect of -2.5% reflecting the application of hyperinflationary accounting to Turkey. Organic growth was +24.0% in the first half of Fiscal 2024. Total revenues grew by +24.6% in the second quarter, including -1.1% currency translation effects and +25.7% organic growth, benefiting from positive market dynamics across all regions and a favourable macro environment.<\/p>\n<p align=\"justify\"><strong>All three regions<\/strong> showed double digit organic growth in H1 FY 2024, as a result of higher volumes driven by new client wins, further face value increase and good client net retention as well as an increase in Float revenue.<\/p>\n<p align=\"justify\"><strong>Operating revenue<\/strong> reached 518 million in the first half of Fiscal 2024, with strong organic growth of +17.4%. Currency translation effects were a negative -1.7%. In Q2 FY 2024, Operating revenue grew +19.9% versus H1 FY 2023 on an organic basis, accelerating from +14.5% pro-forma growth in the first quarter.<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:12pt;text-align:justify\"><strong>Employee Benefits<\/strong> generated operating revenue of 431 million in the first half of Fiscal 2024, growing +20.5% organically in the first half and +21.6% organically in Q2 FY 2024. This improvement was driven by solid growth in Employee Benefits business volumes (+12.4%), as a result of net client gains with an increasing contribution from small and medium enterprises and portfolio growth including positive development in cross selling to existing clients and a continuous increase in average face value, as a result of the intensive marketing &amp; sales campaigns conducted over the half-year. Over the first half, the take-up rate improved to 5.0%, representing a +30bps increase compared to Fiscal 2023, due to a strong commercial focus and the gradual impact of the end of negative commissions in Brazil.<\/li>\n<li style=\"margin-bottom:12pt;text-align:justify\"><strong>Other products and services<\/strong> generated operating revenue of 87 million in the first half of Fiscal 2024, growing +4.2% organically compared to H1 FY 2023. Organic growth accelerated in Q2 FY 2024, up +12.6% while Q1 FY 2024 pro forma organic revenue growth was impacted by the high comparison basis in Public Benefits. <\/li>\n<\/ul>\n<p align=\"justify\"><strong>Float revenue<\/strong> rose to 75 million in the first half of Fiscal 2024, increasing +97.3% organically in H1 FY 2024, of which +87.6% in Q2 FY 2024. This was due to the continuous growth of the Float, which stood at 2.8 billion as of February 29, 2024, and the overall progressive stabilization of interest rates at a high level. Over the first half-year, Float revenue increase was driven primarily by Continental Europe and Latin America, up +80% and +102% respectively. All  regions recorded an expansion of the Float due to a continuous increase in business volumes and benefitted from a higher interest rate environment compared to H1 FY 2023. <\/p>\n<p><strong>Recurring EBITDA margin improved by +90bps at constant rates<\/strong><\/p>\n<p align=\"justify\"><strong>Recurring EBITDA<\/strong> reached 201 million in H1 FY 2024, up +23% year-on-year and +28% organically. The recurring EBITDA margin increased by +44bps to 33.9% at current rates and by +90bps to 34.4% at constant rates. The increase was driven by the Float revenue contribution which more than offset the new standalone costs on top of management fees still invoiced by Sodexo over the first five months of the semester  and the increase in Opex to capture growth and invest for the future. Recurring EBITDA growth was strong across all regions, with +16.9% growth in Continental Europe, +35.9% in Latin America and +8.6% in Rest of the world.<\/p>\n<p><strong>Recurring operating profit up 25.7% <\/strong><\/p>\n<p align=\"justify\"><strong>Recurring operating profit<\/strong> was 161 million, up +25.7% year-on-year. This includes -40 million of depreciation, amortization and impairment charges for the period, compared to -35 million in H1 FY 2023. <\/p>\n<p align=\"justify\"><strong>Other operating income and expenses<\/strong> were -41 million in H1 FY 2024 compared to -3 million in H1 FY 2023. This includes -32 million of one-off expenses related to the spin-off and rebranding costs and -11 million of write-off of specific digital assets related to a partner platform refocused now on two countries. Other operating income and expenses are expected to be around -80 million for Fiscal 2024, compared to -60 million initially forecasted as a result of the above assets write-off and some additional restructuring costs. <\/p>\n<p align=\"justify\"><strong>Operating profit<\/strong> for the period was 120 million, compared to 125 million in the previous semester.<\/p>\n<p><strong>Net Income of 68 million<\/strong><\/p>\n<p align=\"justify\"><strong>Financial Result<\/strong> was -10 million in H1 FY 2024, compared to 11 million in H1 FY 2023. It included the borrowing costs incurred in connection with the new capital structure set as part of the spin-off project and partially offset by the interest income generated from the Groups solid non-Float-related cash position. Financial Result is expected to be around -15 million for Fiscal 2024 compared to -20 million initially forecasted and based on current interest rate environment. <\/p>\n<p align=\"justify\"><strong>Income tax expenses<\/strong> were -42 million in H1 FY 2024, implying an effective tax rate of 38% computed by using the projected tax rate for Fiscal 2024. It is specifically impacted by a higher amount of one-off costs in relation to the spin-off and the digital assets write-off. Effective tax rate is expected to be around 38% for Fiscal 2024.<\/p>\n<p align=\"justify\"><strong>Net Profit<\/strong> for the period was 68 million, compared to 92 million in H1 FY 2023, the difference primarily resulting from the one-off increase in Other operating expenses and higher Net financial expenses in relation to the new capital structure. Within this, Net profit attributable to equity shareholders was 66 million and EPS attributable to equity shareholders was 0.45 in H1 FY 2024 based on the basic weighted average number of shares of 146,890,457 as of February 29, 2024.<\/p>\n<p><strong>Recurring Free cash flow of  228 million, 113% Recurring Cash conversion<\/strong><\/p>\n<p align=\"justify\"><strong>Recurring Free cash flow<\/strong> was 228 million in H1 FY 2024, compared to 265 million in H1 FY 2023 excluding the net transfer of receivables for 65 million occurred in H1 FY 2023.<\/p>\n<p align=\"justify\"><strong>Capital expenditure<\/strong> was -68 million in H1 FY 2024, equating to a capital expenditures to revenue ratio of 11.5%. This increase reflects the Group leveraging the positive revenue growth momentum to invest further, especially in IT infrastructures following the spin-off as well as in technology and data, paving the way for the future growth.<\/p>\n<p align=\"justify\"><strong>Working capital<\/strong> variation over the period stood at 158 million compared to 150 million in H1 FY 2023 excluding the prior transfer of receivables. <\/p>\n<p align=\"justify\"><strong>Recurring Cash conversion rate<\/strong> was 113% in H1 FY 2024 compared to 163% in H1 FY 2023 excluding the prior transfer of receivables. <\/p>\n<p><strong>Net financial cash position strengthened at 1,065 million<\/strong><\/p>\n<p align=\"justify\"><strong>Net financial cash position<\/strong> excluding Restricted cash at February 29, 2024, stood at 1,065 million, with a significant improvement versus 859 million at August 31, 2023, reflecting strong cash flow generation.<\/p>\n<p align=\"justify\"><strong>Cash and cash equivalent position<\/strong> excluding Restricted cash reached  1,799 million and Current financial assets stood at 472 million as of February 29, 2024. The cumulated amount of liquidity, including Restricted cash, reached 3,268 million as of February 29, 2024.<\/p>\n<p align=\"justify\"><strong>Gross borrowings<\/strong> including lease liabilities amounted to 1,206 million as at the end of February 2024. Pluxee successfully placed two inaugural bonds totalling 1,100 million consisting of a 550\u00a0million bond issue with a\u00a04.5-year maturity with a coupon of\u00a03.50% and a 550\u00a0million bond issue with a 8.5-year maturity with a coupon of\u00a03.75%, allowing to fully repay the bridge loan on March 4, 2024. <\/p>\n<p align=\"justify\"><strong>Pluxees strong financial cash position and cash generation<\/strong> was confirmed with a BBB+ rating and a stable outlook from Standard &amp; Poors.<\/p>\n<p><strong>Building strong ESG foundations as a standalone company <\/strong><\/p>\n<p align=\"justify\">Pluxees <strong>ESG commitments and priorities<\/strong> are embedded within the Groups strategic growth plan.<\/p>\n<p align=\"justify\">Pluxee has started <strong>a double materiality assessment<\/strong> to anticipate CSRD obligations from Fiscal 2025 onwards. The Group has selected the European sustainability reporting standards that are relevant to its business and all countries are consulting their local stakeholders to identify priorities and contribute to the 2030 Group sustainability vision.<\/p>\n<p align=\"justify\">The Groups targets and action plan to reach <strong>Net Zero emissions by 2035<\/strong> was approved by the Science Based Targets initiative (SBTi) in December 2023 with a focus on reducing absolute greenhouse gas emissions across the entire value chain covering Scope 1, 2 and 3 no later than 2035. The first milestone has been set for 2025, when the Group expects to reach 100% renewable electricity in all buildings. This has already been implemented in several countries such as the UK, Romania and Belgium. <\/p>\n<p align=\"justify\">Pluxee has also continued over the semester to embrace new ways to <strong>support its small and medium merchants<\/strong>. In France, the Group has successfully launched a new initiative in partnership with Mapstr to promote sustainable consumption behaviours. This partnership enhances visibility of more than 15,000 small and medium merchants offering healthy, inclusive and ecofriendly meal alternatives.<\/p>\n<p><strong>Outlook<\/strong><\/p>\n<p align=\"justify\">During its Capital Markets Day, the Group set out <strong>Fiscal <\/strong><strong>2024 and 2026 financial objectives<\/strong> focusing on delivering sustainable organic revenue growth, improving recurring EBITDA margin and maintaining strong cash conversion.<\/p>\n<p align=\"justify\">Based on<strong> the strong financial performance <\/strong>delivered in the First Half of Fiscal 2024, Pluxee is raising <strong>its financial objectives for Fiscal 2024<\/strong> as such:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt\">Organic revenue growth expected between 15% to 17% compared to low double digit initially;<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt\">Recurring EBITDA margin expected to reach at least 35% including standalone costs, from at least 34.5%.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Mid-term financial objectives<\/strong> <strong>remain unchanged<\/strong>, with the Group reiterating its ambition to reach:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt\">low double digit <strong>organic growth<\/strong> per year for Fiscal 2025 and 2026;<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt\">c.37% <strong>Recurring EBITDA margin<\/strong> in Fiscal 2026; and<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt\">above 70% <strong>Recurring Cash conversion<\/strong> on average over Fiscal 2024 to 2026.<\/li>\n<\/ul>\n<p><em>Fiscal 2024 and 2026 financial objectives are given at constant rates and scope.<\/em><\/p>\n<p><strong>Significant First Half Fiscal 2024 and subsequent events <\/strong><\/p>\n<p><strong>Successful spin-off and listing on Euronext Paris<\/strong><\/p>\n<p align=\"justify\">On February 1, 2024, Pluxee successfully completed <strong>its spin-off and listing on Euronext Paris<\/strong> with a technical reference price of 26 per share. Pluxees shares were distributed to Sodexo shareholders on a one-for-one basis. Bellon SA remains a committed long-term shareholder to Pluxee with approximately 42.8% of the outstanding ordinary shares and nearly 60.0% of the voting rights in the company.<\/p>\n<p><strong>Refinancing and inaugural bond issue<\/strong><\/p>\n<p align=\"justify\">On March 4, 2024, Pluxee successfully completed <strong>the placing of two inaugural bonds<\/strong> for an aggregate amount of 1.1 billion, consisting of a 550 million bond issue with a 4.5-year maturity and a coupon of 3.50% and a 550 million bond issue with a 8.5-year maturity and a coupon of 3.75%. The net proceeds were used to repay the 1.1 billion portion drawn down of the bridge loan secured in October 2023 as part of the spin-off project.<\/p>\n<p><strong>Strengthened leadership team<\/strong><\/p>\n<p align=\"justify\">The Group has strengthened its <strong>Leadership team<\/strong> and <strong>enhanced geographic governance<\/strong> to accelerate the execution of its strategic plan and the delivery of its ambitious mid-term financial objectives.<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:justify\"><strong>Alexandre Cotarmanach<\/strong> has been appointed <strong>Chief Product Officer<\/strong> to drive further enhancement of the product offering globally;\u00a0<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:justify\"><strong>Thierry Guihard<\/strong>, <strong>CEO of Pluxee Brazil<\/strong>, and <strong>Malena Gufflet<\/strong>, <strong>CEO of Pluxee France<\/strong>, have joined the Leadership Team to ensure aligned and strategic decision making in the Groups two largest markets;<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:justify\"><strong>S\u00e9bastien Godet<\/strong> has become <strong>Chief Revenue Growth Officer for Asia, Middle East, Africa and Continental Europe outside France<\/strong>. <strong>Manuel Fernandez<\/strong> has been appointed <strong>Chief Revenue Growth Officer for Hispanic Latin America<\/strong>. <strong>Viktoria Otero del Val <\/strong>was also appointed <strong>Chief Revenue Growth Officer for the U.K. and the U.S.<\/strong>. All three Leadership team members will support country teams in setting, enabling and tracking growth plans, and ensuring best in class execution.<\/li>\n<\/ul>\n<p><strong>Conference call<\/strong><\/p>\n<p align=\"justify\">Pluxee will hold a conference call in English today at 8:30 a.m. CET to comment on its <strong>H1 Fiscal 2024 Results<\/strong>.<\/p>\n<p align=\"justify\">Those who wish to connect:<\/p>\n<p align=\"justify\"> From France: +33 1 70 91 87 04, or<\/p>\n<p align=\"justify\"> From the UK: +44 121 281 8004, or <\/p>\n<p align=\"justify\"> From the US: +1 718 705 8796,<\/p>\n<p align=\"justify\">Followed by the access code 07 26 76.<\/p>\n<p align=\"justify\">The live audio webcast will be accessible on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BiWaLEnsGDRFbSRRIvJyMvHTBEpBAewuZbEZpCfpBPHthI9rdSFelsZKa76Bh8nT4Ywz_QK38w43uVPOICYCesgP13oVRLVdsL1HMpPL0eE=\" rel=\"nofollow noopener\" target=\"_blank\">www.pluxeegroup.com<\/a><\/p>\n<p>The press release, presentation and webcast are available on the Group website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BiWaLEnsGDRFbSRRIvJyMvHTBEpBAewuZbEZpCfpBPFjKgMMFt5tuGaHPoYSS4T-VzpxUr7HGlAr-kK-zzJ-i15QH4ZJKgT3Fd7ZDH6a2xM=\" rel=\"nofollow noopener\" target=\"_blank\">www.pluxeegroup.com<\/a>\u00a0in the Investors  Financial Results section.<\/p>\n<p align=\"justify\">The condensed financial statements and the half-year financial report which includes the auditor report and the responsibility statement of the Board of Directors for this report are available on the Group website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BiWaLEnsGDRFbSRRIvJyMvHTBEpBAewuZbEZpCfpBPGQ_2_TGZF71s6sdl5MxT4tCpVgxm9gJA_znpSxilSsxMTstI4FLw_3RuLP0ebWVE0=\" rel=\"nofollow noopener\" target=\"_blank\">www.pluxeegroup.com<\/a> in the Investors  Financial Results section.<\/p>\n<p align=\"justify\">This half-year financial report is filed with the Dutch Authority for the Financial Markets (<em>Stichting Autoriteit Financi\u00eble Markten<\/em>) given that the Netherlands are Pluxee N.V.&#8217;s home member state for the purposes of Directive 2004\/109\/EC (as amended by Directive 2013\/50\/EU).<\/p>\n<p><strong>Fiscal 2024 Financial calendar<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:50%;border-top: solid black 1pt;border-bottom: solid black 1pt\"><strong>Third quarter Fiscal 2024 revenues<\/strong><\/td>\n<td style=\"width:50%;border-top: solid black 1pt;border-bottom: solid black 1pt\">July 3, 2024<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50%;border-bottom: solid black 1pt\"><strong>Annual Fiscal 2024 results<\/strong><\/td>\n<td style=\"width:50%;border-bottom: solid black 1pt\">October 31, 2024<\/td>\n<\/tr>\n<tr>\n<td style=\"width:50%;border-bottom: solid black 1pt\"><strong>Fiscal 2024 annual shareholders meeting<\/strong><\/td>\n<td style=\"width:50%;border-bottom: solid black 1pt\">December 2024<\/td>\n<\/tr>\n<\/table>\n<p>These dates are indicative and may be subject to change without notice.<br \/>Regular updates are available in the calendar on our website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BiWaLEnsGDRFbSRRIvJyMvHTBEpBAewuZbEZpCfpBPG3DFA3DQrtYq1dNeOQUP7owx0gAX064c6fTfxEC7JB9NZpwPGV77FKoO2rOWkV3vU=\" rel=\"nofollow noopener\" target=\"_blank\">www.pluxeegroup.com<\/a><\/p>\n<p><strong>About Pluxee<\/strong><\/p>\n<p align=\"justify\">Pluxee is a global player in employee benefits and engagement that operates in 31 countries. Pluxee helps companies attract, engage, and retain talent thanks to a broad range of solutions across Meal &amp; Food, Wellbeing, Lifestyle, Reward &amp; Recognition, and Public Benefits. Powered by leading technology and more than 5,000 engaged team members, Pluxee acts as a trusted partner within a highly interconnected B2B2C ecosystem made up of more than 500,000 clients, 36 million consumers and 1.7 million merchants. Conducting business for more than 45 years, Pluxee is committed to creating a positive impact on local communities, supporting wellbeing at work for employees and protecting the planet. For more information: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BiWaLEnsGDRFbSRRIvJyMvHTBEpBAewuZbEZpCfpBPEr9p4G952czCk72r-FD6WJ-tqdALcfb9P2MNrr7jPZ68hqJrD2XZJOm0B0RR8LexQ=\" rel=\"nofollow noopener\" target=\"_blank\">www.pluxeegroup.com<\/a><\/p>\n<p><strong>Contacts<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:25%;vertical-align: top\"><strong>Media <\/strong><\/p>\n<p>Cecilia de Pierrebourg <br \/>+33 6 03 30 46 98 <br \/><a href=\"mailto:cecilia.depierrebourg@pluxeegroup.com\" rel=\"nofollow noopener\" target=\"_blank\">cecilia.depierrebourg@pluxeegroup.com<\/a>\u00a0<\/td>\n<td style=\"width:25%;vertical-align: top\"><strong>Analysts and Investors <\/strong><\/p>\n<p>Pauline Bireaud<br \/>+33 6 22 58 83 51<br \/><a href=\"mailto:pauline.bireaud@pluxeegroup.com\" rel=\"nofollow noopener\" target=\"_blank\">pauline.bireaud@pluxeegroup.com<\/a>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><strong>Revenue<\/strong><\/p>\n<p><strong>BREAKDOWN OF TOTAL REVENUES BY NATURE<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:20.3%;border-bottom: solid black 1pt;vertical-align: top\"><em>In millions of euros<\/em><em><br \/> Q1 pro<\/em><em>-forma<\/em><\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Q1 FY 2024<\/strong><\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Q1 FY 2023<\/strong><\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>Organic<\/strong><br \/><strong>growth (%)<\/strong><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Currency<br \/> effect (%)<\/strong><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Total<br \/> growth (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt\">Operating revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle\">231<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle\">208<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle\"><em>14.5%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle\"><em>-3.3%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle\"><em>11.3%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\">Float revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">35<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">18<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>109.9%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>-14.8%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>95.1%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\"><strong>Total Revenues<\/strong><\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong>266<\/strong><\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">225<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong><em>22.0<\/em><\/strong><strong><em>%<\/em><\/strong><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>-4.<\/em><em>1%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>17.9%<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" style=\"width:94.76%;border-right: solid black 1pt\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Q2 FY 2024<\/strong><\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Q2 FY 2023<\/strong><\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>Organic<\/strong><br \/><strong>growth (%)<\/strong><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Currency<br \/> effect (%)<\/strong><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Total<br \/> growth (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt\">Operating revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle\">287<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle\">240<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle\"><em>19.9%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle\"><em>-0.3%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle\"><em>19.6%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\">Float revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">40<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">22<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>87.6%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>-9.6%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>78.0%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\"><strong>Total Revenues<\/strong><\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong>327<\/strong><\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">262<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><strong><em>25.7%<\/em><\/strong><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>-1.1%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>24.6%<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" style=\"width:94.76%;border-right: solid black 1pt\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>H1 FY 2024<\/strong><\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>H1 FY 2023<\/strong><\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top;text-align: right;vertical-align: middle\"><strong>Organic<\/strong><br \/><strong>growth (%)<\/strong><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Currency<br \/> effect (%)<\/strong><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"><strong>Total<br \/> growth (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt\">Operating revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle\">518<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle\">448<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle\"><em>17.4%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle\"><em>-1.7%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle\"><em>15.7%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\">Float revenue<\/td>\n<td style=\"width:14.46%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">75<\/td>\n<td style=\"width:15.96%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\">40<\/td>\n<td style=\"width:15.9%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>97.3%<\/em><\/td>\n<td style=\"width:16.66%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>-11.8%<\/em><\/td>\n<td colspan=\"2\" style=\"width:16.72%;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"><em>85.5%<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:20.3%;border-right: solid black 1pt;border-bottom: solid black 1pt\"><strong>Total Revenues<\/strong><\/td>\n<p>&lt;td style=&quot;width:14.46%;;<\/p>\n","protected":false},"excerpt":{"rendered":"First Half Fiscal 2024 ResultsIssy-les-Moulineaux, France  April 19, 2024\n\u00a0\u00a0 First Half Fiscal 2024 highlights\n  Successful spin-off and listing on Euronext Paris on Feb","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-92624","post","type-post","status-publish","format-standard","hentry","category-releases-geral"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/92624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/comments?post=92624"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/92624\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=92624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=92624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=92624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}