Employee-benefits company Pluxee made its trading debut on Euronext Paris, following its spin-off from Sodexo. The company was valued at approximately 4.19 billion euros ($4.54 billion) in its initial trading session.
At 0845 GMT, Pluxee shares were trading at EUR29.12, surpassing the EUR28.50 price at the opening bell and the reference price of EUR26.00. Meanwhile, Sodexo shares experienced a 0.8% decline, reaching EUR77.94.
Pluxee, headquartered in Paris, generated EUR363 million in revenue for the fiscal year ending in August and boasts a workforce of over 5,000 employees. The Bellon family controls the company, holding 42.8% of its shares and 60% of the voting rights. They also have control over Sodexo, which was founded by Pierre Bellon.
For the current fiscal year, Pluxee anticipates achieving low double-digit growth in organic revenue and maintaining a recurring earnings before interest, taxes, depreciation, and amortization (EBITDA) margin that is at least on par with the 34.5% reported in fiscal 2023.
Looking ahead to fiscal 2026, Pluxee aims to achieve annual organic revenue growth in the low double-digit range and a recurring EBITDA margin of approximately 37%.
