It’s been a bumpy ride for the title. Pluxee since its IPO last February. Initially very popular, peaking on May 16 at €31.82, the share price plummeted to a low of €15.21 on October 24. It seems that the publication of the 2023/2024 results (closed at the end of August) has put an end to this negative trend: the share has since recovered by over 30%, for several reasons.

Firstly, sales amounted to 1.21 billion euros, with gross growth of 15% and organic growth of 18.6%. In the latter terms, operating sales rose by 13.3% to 1.05 billion euros, while gross sales were up by 18.6%. floatwhich corresponds to the investment of funds between the date of issue and the date of redemption of prepaid service vouchers, and the date of loading and the date of use of credits for prepaid cards, jumped by 69% to 155 million euros.

Improved margins and a solid balance sheet

All regions in which the Group operates are growing. The…