Edenred, Pluxee gain after Brazil court suspension of voucher decree

Pluxee

21/01/2026 13:11

** Edenred EDEN.PA shares jump 8.5% and peer Pluxee PLX.PA rises 7% after media reports of a Brazil court granting the cos' request to suspend planned changes to the meal vouchers system

** The decision provides "short-term relief" as "immediate regulatory downside risks are temporarily alleviated," according to Alphavalue analyst Yi Zhong

** Edenred warned in November that the changes would cut its core profit forecast for 2026, while Pluxee's CFO said in January that it expected its Brazil revenue to halve by 2027

** Morningstar analyst Ben Slupecki says the judge likely viewed the settlement deadlines, fee limits and mandatory interoperability as negatively impacting the market's competitive structure

** Zhong warns that the "regulatory process in Brazil remains unsettled" and expects "elevated share price volatility to persist through 2026," with legal appeals likely to unfold over time

** Edenred and Pluxee did not respond to requests for comment

(Reporting by Dimitri Rhodes)

((dimitri.rhodes@thomsonreuters.com))