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Pluxee (PLX) investor relations material
Pluxee Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 delivered solid organic revenue growth of 11.1%, driven by Employee Benefits and strong commercial momentum across regions.
Business volumes issued reached €5.7bn in Q3 and €18.8bn for nine months, with SMEs as a key growth driver.
Integration of recent acquisitions (MyBenefits, Cobee, Benefício Fácil) and the Santander partnership in Brazil are progressing well.
Net retention rate remained above 100%, reflecting high client loyalty and effective portfolio management.
Confident in achieving full-year and 2026 financial objectives despite macroeconomic and currency headwinds.
Financial highlights
Q3 total revenues reached €310m, up 11.1% organically and 4.3% reported; nine-month revenue at €945m, up 10.9% organically.
Employee Benefits operating revenue grew 12.8% organically in Q3; Other Products & Services up 0.5% organically.
Float revenue in Q3 was €39m, up 10.8% organically; nine-month float revenue reached €123m, up 14.3% organically.
Adverse currency effects, mainly from Brazil and Turkey, reduced reported growth by 10.3% in Q3.
Scope effects from acquisitions contributed positively, notably from the Santander partnership in Brazil.
Outlook and guidance
Full-year 2025 and 2026 objectives confirmed: low double-digit organic revenue growth and recurring EBITDA margin expansion (+150bps in FY25, +75bps in FY26 at constant rates).
Recurring cash conversion rate expected above 75% on average over FY24–FY26.
Float revenue growth expected to land in low double digits for the full year, supported by higher rates in Brazil and Turkey.
Q4 expected to be softer than Q3, but full-year guidance remains on track.
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