Pluxee doubles margin growth forecast for 2025
17/04/2025 06:30
April 17 (Reuters) - French voucher and benefits company Pluxee PLX.PA doubled its margin growth forecast for 2025 on Thursday, citing the continued successful execution of its three-year strategy. Pluxee expects its recurring core profit margin to grow by 150 basis points (bps) in the year through August 31. It had previously said it would grow by 75 bps from last year's margin of 35.6%. "Halfway through the deployment of the Group's three-year strategic growth plan, we have made significant progress on our key initiatives, exceeding the targets set in January 2024, while maintaining a steady focus on driving profitable growth," CEO Aurélien Sonet said in a press release. The former benefits unit of Sodexo EXHO.PA reported recurring operating earnings before depreciation and amortization (EBITDA) of 225 million euros ($255.8 million) for the first six months of the financial year, above market expectations. That corresponds to a margin of 35.4%. ($1 = 0.8797 euros) (Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi) ((Dimitri.Rhodes@thomsonreuters.com;))