Organic revenue growth was strong across all geographies, respectively +24.7% in Europe, United States and Asia, and +31.0% in Latin America. This performance was due to strong growth in all major markets supported by a solid portfolio development and increase face values. In addition, the positive impact of change in regulation in Brazil and the contribution from rising interest rates through out the fiscal year also helped.
| REVENUES BY NATURE (in million euros) | FISCAL 2023 | FISCAL 2022 | ORGANIC GROWTH |
|---|---|---|---|
| Operating Revenues | Operating Revenues FISCAL 2023953 |
Operating Revenues FISCAL 2022804 |
Operating Revenues ORGANIC GROWTH +18.0 % |
| Financial Revenues | Financial Revenues FISCAL 2023146 |
Financial Revenues FISCAL 202261 |
Financial Revenues ORGANIC GROWTH +145.6 % |
| PLUXEE | PLUXEEFISCAL 20231,099 | PLUXEEFISCAL 2022865 | PLUXEE ORGANIC GROWTH +26.9 % |
Operating revenues organic growth was +18.0%, fueled by the face value increase and positive net new development.
Financial revenues organic growth was +145.6%, due to the further increase in interest rates in the Euro zone and Central Europe.
Underlying operating profit was up +47.0%. The margin increased to 33.1% up +450 bps or +480 bps excluding currencies, resulting from operating leverage, fueled by strong growth in business volumes across all regions, despite sustained investments in Tech & Digital, and significant increase in interest rates boosting financial revenues and margins.
Pluxee Other operating income and expenses include 19 million euros of spin-off costs.
The increase in Pluxee net financial expense is the result of the intercompany debt costs.
The tax charge was up to 80 million euros.
As a result, Pluxee net income (Group share) amounted to 234 million euros, against 181 million euros in Fiscal 2022. Given the accounting of Pluxee as discontinued operations, the net income is presented in the Group Income Statement on a separate line after income from continuing operations.
