Pluxee beats revenue estimates, shares increase by over 11%, positive.

From Investing.com: 2025-01-08 03:55:31

French company Pluxee exceeded market expectations with 12.1% organic growth in first-quarter operating revenue, reaching 249 million euros. Shares surged over 11%, outperforming Paris’ stock index and lifting peer Edenred by 3.6%. CEO Sonet highlighted strong performance in the Employee Benefits unit, anticipating growth in South and Central America amidst economic challenges in Europe. The company remains optimistic despite the expiration of the food voucher exception in France, maintaining its outlook for 2025. Pluxee’s expansion in Latin America, including the acquisition of Benefício Fácil in Brazil, is expected to enhance profitability. The partnership with Santander in Brazil has also contributed to positive results.



Read more at Investing.com: Pluxee tops revenue estimates on new and existing contracts, shares jump By Reuters