Pluxee rises after 'reassuring Q3' results

Pluxee

03/07/2025 08:33

** Shares in French voucher company Pluxee PLX.PA rise 6.7% to the top of Paris' SBF 120 index .SBF120, after it posted what J.P.Morgan describes "a sound and in-line Q3 print"

** "Overall, we see today's delivery as supportive, especially in the context of a relatively weak share price" - JPM

** Up to Wednesday's close, the shares had dropped more than 30% over the last 12 months - LSEG data

** JPM says the results are also supportive to peers; shares in Edenred EDEN.PA rise 2.5%, topping France's CAC 40 index .FCHI

** "FY25 guidance was unsurprisingly reiterated, and appears achievable given the performance of the group over the first three quarters," says Stifel

** If the gains hold, the shares will see their best day since April

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))