Pluxee raises its annual natural income progress goal

PARIS (Agefi-Dow Jones) – Pluxee, a former subsidiary of Sodexo specializing in meals and reward vouchers, on Wednesday raised its income progress goal for its present monetary 12 months, after registering a double-digit progress improve in its operations within the third. fourth, ending on the finish of Could.

For its monetary 12 months that ends on the finish of August, Pluxee now predicts an natural progress in its turnover of about 18%, and now not 15% to 17%. On the similar time, the corporate, which took its first steps on the inventory market final February, remains to be aiming for a recurring gross working margin (Ebitda) of no less than 35%.

For the interval between March and Could, Pluxee achieved a turnover of 297 million euros, up 13.8% 12 months on 12 months in revealed knowledge. On an natural foundation, ie at fixed charge and change charges, the group’s income elevated by 17.9% 12 months on 12 months.

Competitor Edenred says it has benefited from “continued industrial momentum, pushed by a disciplined motion plan and favorable market developments”.

“These outcomes give us confidence in our skill to realize our strategic and monetary objectives within the quick and medium time period,” Pluxee common director Aurélien Sonet stated in a press launch.

In parallel with its operational renewal, Pluxee additionally introduced on Wednesday the termination of its strategic partnership in Brazil with the Spanish banking group Santander, which owns 20% of Pluxee Brazil. -now.

– Vincent Alsuar, Agefi-Dow Jones +33 (0)1 41 27 47 39; [email protected] editor: JEB

Monetary disclosures from PLUXEE:

https://www.pluxeegroup.com/fr/espace-presse/

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July 03, 2024 12:32 ET (16:32 GMT)