PLUXEE N.V. Hold Rating: Balancing Strong Q4 Performance with Cautious FY26 Outlook

Jefferies analyst Hannes Leitner maintained a Hold rating on PLUXEE N.V. today and set a price target of €17.00.

Hannes Leitner’s rating is based on several factors, including the company’s recent financial performance and future guidance. PLUXEE N.V. reported a 10% organic growth in total revenue for the fourth quarter, which was slightly above expectations. Additionally, the operating revenue showed a 10% increase, contributing to an expansion in the EBITDA margin as operating expenses grew at a slower pace.
Despite these positive results, the guidance for FY26 appears cautious, with expectations for high single-digit organic growth and a 100 basis point margin expansion. This guidance reflects the macroeconomic uncertainties that could impact the company’s future performance. As a result, Hannes Leitner has opted for a Hold rating, suggesting a wait-and-see approach given the mixed signals between current performance and future outlook.