(AOF) – Specialist in international freight transport, FedEx generated revenues of $87.7 billion for the 2023/2024 financial year compared to $90.2 billion for the 2022/2023 financial year. Over this period, its operating profit stood at $5.56 billion compared to $4.91 billion a year ago. Net income increased year-on-year, from $3.97 billion to $4.33 billion. Earnings per share increased from $15.48 to $17.21.
It reached $5.41 per share on an adjusted basis in the fourth quarter, beating the consensus of $5.37.
Capital expenditure for the 2023/2024 financial year amounts to $5.2 billion, a decrease of 16% from $6.2 billion in the previous financial year.
For 2025, FedEx expects revenue growth between 1 and 6% and adjusted earnings per share between $20 and $22.
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Sector sheet – Business services
A new entity in employee benefits
Pluxee, the division specializing in employee benefits of the services giant Sodexo, will take off on the stock market in 2024. This activity benefits from strong dynamism with organic growth in the third quarter (ended at the end of May) higher than expectations (+25 .5% versus 17.5% expected). The new entity will thus be able to better compete with its competitor Edenred. Since its split from the Accor group in 2010, this company has seen its activity jump and almost double. Having become the world leader in meal vouchers, it even recently joined the flagship stock market index of the Paris market, the CAC 40. This success comes from targeted acquisitions, international development and successful digitalization.