Pluxee N V (PLXNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for standing by and welcome to the PUCSI first half fiscal 2026 results presentation. After the presentation, there will be an opportunity to ask questions by pressing star and one at any time. I advise you that this conference is being recorded today on Thursday, April 16th, 2026. At this time, I would like to hand the conference over to Ms. Pauline Biro, Head of Investor Relations. Please go ahead, Madam. Good morning, everyone, and thank you for joining us today for our fiscal 2026 H1 results. So I'm Pauline. I'm head of investor relations for Pepsi, and I'm joined by Aurélien Saunet, our CEO, and Stéphane Lopiteau, our CFO. Let me get you through today's presentation agenda in the next slide. So Aurélien will start with the key highlights and figures for H1, followed by a focus on our commercial performance, and then Stéphane will take you through our financial results. Finally, Aurélien, we then conclude with our output, including an update on the regulatory situation in Brazil before we open the floor for the Q&A. And with that, I will hand over to Aurélien. Thank you, Pauline, and good morning, everyone. I'm pleased to be back with you today to present our first half-fiscal 2026 result, starting with our key highlights. We are pleased to share that we delivered overall solid H1, which puts us well on track to meet our full year objectives. First, commercial momentum remains strong and resulted in sustained revenue growth, driven by our core employee benefits activity. Second, profitability delivered ahead of time. Recurring EBITDA margin extended strongly, supported by the operating leverage embedded in our business model, and the strong execution of our efficiency initiatives. Lastly, it translated into strong earnings growth and cap g...