Pluxee boosts H1 profitability and reaffirms full-year targets
Pluxee has reported adjusted earnings per share (Group share) of 0.78 EUR for the first half of fiscal 2026, up 6.8%. The recurring EBITDA margin reached 37.0%, representing organic growth of +229 basis points (+159 basis points on a reported basis).
The group hailed a "robust commercial performance, in line with the expected trajectory, driven by record new client acquisitions, higher face values, and sustained cross-selling momentum."
Total revenue stood at 655 million EUR, reflecting organic growth of +5.6%. This includes 573 million EUR in operating revenue (+5.7% organic, led by a +9.4% increase in Employee Benefits) and 81 million EUR in float revenue (+5.3% organic).
Recurring free cash flow rose 22.5% year-on-year to 210 million EUR, yielding a cash conversion rate of 86% and strengthening the net financial cash position to 1.27 billion EUR as of February 28.
Pluxee confirmed its targets for stable total organic revenue and a slight improvement in the recurring EBITDA margin for 2026. It also reaffirmed an average recurring cash conversion rate of approximately 80% over the 2024-2026 fiscal years.
Pluxee N.V. is a global player in Employee Benefits and Engagement that operates in 28 countries. Pluxee N.V. helps companies attract, engage, and retain talent thanks to a broad range of solutions across Meal & Food, Well-?being, Lifestyle, Reward & Recognition, and Public Benefits. Powered by leading technology and more than 5,600 engaged team members, Pluxee N.V. acts as a trusted partner within a highly interconnected B2B2C ecosystem made up of more than 500,000 clients, more than 37 million consumers and more than 1.7 million merchants. Conducting business for more than 45 years, Pluxee N.V. is committed to creating a positive impact on local communities, supporting well-?being at work for employees, and protecting the planet.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
