Pluxee up after raising mid-term outlook

Pluxee

31/10/2024 08:48

** Shares in Pluxee  PLX.PA  raise 3.5% after the voucher
and benefits company upgrades its mid-term outlook and reports
results slightly higher than expected
    ** It targets a recurring EBITDA margin expansion of 75
basis points (bps) in 2025 and 2026, leading to a three-year
target of a 250 bps organic increase one year ahead of plan
    ** Pluxee also publishes FY recurring EBITDA of 430 million
euros ($466.59 million) compared with the 426 million euros in a
company-provided consensus
    ** "The overall performance in Continental Europe was solid,
underpinned by Belgium and France and despite tougher comps in
Central and Eastern Europe in H2 2024" J.P. Morgan says in a
note
    ** Shares are on track for their best day since September
19, 2024
    
  

 (Reporting by Mathias de Rozario)
 ((mathias.derozario@thomsonreuters.com))