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PLX — Pluxee News Story

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Strong margin delivery drives Pluxee shares higher

** Shares in Pluxee PLX.PA climb 3.4% after the French meal voucher and employee benefits firm posted a recurring EBITDA beat and "strong margin delivery"

** "Pluxee's H1 results came in with no major surprises," J.P. Morgan says, pointing to a "solid" margin delivery and "healthy" free cash flow

** The group posted recurring EBITDA of 242 million euros with a 37% margin, above a company-compiled consensus of 237 million euros with 35.9% margin

** Jefferies says the group's first-half recurring EBITDA of 242 million euros is "implying strong cost control"

** Up to the previous session's close, Pluxee shares were down 12.6%​ YTD - LSEG Data

 (Reporting by Dimitri Rhodes in Gdansk)

 ((dimitri.rhodes@thomsonreuters.com))

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