Pluxee: stock jumps after annual results
(CercleFinance.com) - Pluxee shares jumped 15% following the publication of FY 2024 net income that is up 64.
2% at E133m, and a recurring EBITDA margin of 35.6%, an organic increase of 183bp compared to the initial target of a stable margin.
Total sales for Sodexo's former employee benefits division were up 15% to E1.21bn, i.e. organic growth of 18.6%, significantly above the initial target of double-digit growth.
Pluxee claims an improved shareholder payout policy with a proposed dividend of E0.35 per share, corresponding to a payout ratio of 25% calculated on adjusted net income of E203m.
Finally, the group has raised its financial targets for FY 2025 and 2026, reflecting its confidence in structural market growth trends, its proven business model and its ability to successfully deploy its strategic plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
2% at E133m, and a recurring EBITDA margin of 35.6%, an organic increase of 183bp compared to the initial target of a stable margin.
Total sales for Sodexo's former employee benefits division were up 15% to E1.21bn, i.e. organic growth of 18.6%, significantly above the initial target of double-digit growth.
Pluxee claims an improved shareholder payout policy with a proposed dividend of E0.35 per share, corresponding to a payout ratio of 25% calculated on adjusted net income of E203m.
Finally, the group has raised its financial targets for FY 2025 and 2026, reflecting its confidence in structural market growth trends, its proven business model and its ability to successfully deploy its strategic plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.