Pluxee tops Q1 revenue expectations thanks to client retention, new contracts (updated)
08/01/2025 06:40
(Adds CEO comment in paragraph 3, details on results and
context throughout)
By Mathias de Rozario and Jakob Van Calster
Jan 8 (Reuters) - French voucher and benefits company
Pluxee PLX.PA posted 12.1% organic growth in its first-quarter
operating revenue on Wednesday, beating market expectations,
supported by sound customer retention and new client
acquisitions in its Employee Benefits business.
The group's operating revenue was 249 million euros ($257.8
million) in the three months through Nov. 30, beating analysts'
average forecast of 244 million euros in a company-provided
consensus.
The double-digit organic growth was driven by a strong
performance in Employee Benefits, Pluxee's biggest unit that saw
10.4% growth in the period, CEO Aurélien Sonet said in a press
release.
The France-based group continued to strengthen its presence
in South America with the acquisition of Benefício Fácil, which
provides commuter benefits in Brazil, to be completed during the
second half of the fiscal 2025.
Latin America recorded 11.1% organic growth and accounted
for nearly 40% of the group's total operating revenue.
The region was however still impacted by the loss of a
student benefits contract in Chile and a negative 14.5% currency
impact mainly related to Brazil and Mexico.
The former benefits unit of Sodexo EXHO.PA also confirmed
its outlook for the 2025 financial year.
($1 = 0.9657 euros)
(Reporting by Mathias de Rozario and Jakob Van Calster in
Gdansk;
Editing by Milla Nissi)
((mathias.derozario@thomsonreuters.com;
jakob.vancalster@thomsonreuters.com))