Historic milestone for Pluxee, now listed on Euronext Paris following its spin-off from Sodexo

Pluxee N.V.
Pluxee N.V.
Pluxee N.V.
5 min read

In This Article:

  • Listing of Pluxee on the regulated market of Euronext Paris

  • Highly scalable and cash-generative business model to sustain profitable growth on the Employee Benefits and Engagement market

  • Acceleration of its strategic plan execution to strengthen global market leadership

  • Bellon S.A. to maintain a long-term controling ownership

Paris: February 1, 2024 // Pluxee (the ‘’Group’’), a global player in Employee Benefits and Engagement announces the listing of its shares on compartment A of the regulated market of Euronext Paris under the ticker PLX and the ISIN code NL0015001W49, following its spin-off from Sodexo.

On February 1, 2024, Pluxee’s shares were distributed to Sodexo shareholders on a one-for-one basis. The technical reference price of EUR 26 per Pluxee share was announced on January 31, 2024, by Euronext. The Bellon family remains a committed long-term shareholder to Pluxee and will hold approximately 42.8% of the outstanding ordinary shares and 60.0% of the voting rights in the company.

Aurélien Sonet, CEO of Pluxee, commented:

“By successfully completing Pluxee’s spin-off and listing on Euronext Paris, we take a further step towards the accomplishment of our longstanding vision. This is the beginning of a new era and I would like to thank the entire team for their hard work. As a pure player, we aim to sustain our profitable growth by reinforcing our global leadership position in the buoyant Employee Benefits and Engagement market. Our ambitious strategy, powered by talent, tech & data investments and targeted M&A, will drive continued strong financial performance as well as shareholder value creation.”

Building on its 45-year track record, Pluxee continues its growth journey as a pure player. Over the next three years, the Group will execute its twofold strategic plan, focused on reinforcing its leadership in Meal & Food Benefits and augmenting its Employee Benefits and Engagement offer through six strategic initiatives:

  1. Elevate benefits offering to address evolving client and consumer needs;

  2. Expand merchant engagement to reinforce win-win partnership;

  3. Scale up existing presence in Employee Engagement, Reward & Recognition;

  4. Acquire new clients with a focus on SMEs through a segmented sales and marketing strategy;

  5. Unlock full client potential, notably through cross-selling; and

  6. Drive profitability through efficiency gains and operating leverage.

As disclosed at the Capital Markets Day held on January 10, 2024, the Group’s Fiscal 2024 and 2026 financial objectives focus on delivering sustainable organic revenue growth, improving its recurring EBITDA margin and maintaining a high cash conversion level as follows:

Recommended Stories