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SummaryCompaniesPluxee raises margin guidance, cuts revenue growth outlookAnnounces 100 million euro share buyback programDividend per share increased by 9% to 0.38 euros Oct 30 (Reuters) - French voucher and benefits company Pluxee (PLX.PA), opens new tab on Thursday raised its margin guidance for fiscal year 2026 due to high client retention but forecast slower revenue growth citing an uncertain market environment. Pluxee, which spun off from Sodexo in 2024, posted recurring earnings before interest, taxes, depreciation, and amortization of 471 million euros ($549.3 million) for the fiscal year 2025 to August 31, a slight beat to the 468 million euros expected by analysts, as per a company-provided consensus. Advertisement · Scroll to continue It now expects recurring EBITDA margin to rise by 100 basis points in fiscal 2026 against the previous guidance of a 75-bp increase, and the recurring cash conversion rate to be above 80% against above 75%. The company, however, expects a high single-digit percent revenue growth in 2026 compared with the previous expectation of low double-digit growth. "...our customers are hiring less or slowing down recruitment, which means that the growth of this end-consumer portfolio is much less dynamic," finance chief Stéphane Lhopiteau told journalists. However, the firm's net retention rate remained at a high level of 100%, in line with its target, Lhopiteau said. Advertisement · Scroll to continue Benefits providers like Pluxee and Edenred (EDEN.PA), opens new tab are increasingly relying on tertiary geographies like Latin America to drive profits, as they cope with slowdown in their main business regions amid rising economic uncertainty. Pluxee's revenue in Latin America came in at 489 million euros for its fiscal year 2025, 38% of the group's total revenue compared with 38.39% a year ago. The firm also announced a 100 million euro share buyback program from October 31, running through June 2026, funded by record cash generation, while maintaining its M&A strategy for growth. It announced a 9% increase in dividend per share to 0.38 euros, compared with 0.35 euros last year. ($1 = 0.8575 euros) Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2127676363 About ConnatixV2127676363 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Hugo Lhomedet and Mathias de Rozario in Gdansk; Editing by Harikrishnan Nair and Mrigank Dhaniwala Purchase Licensing Rights Get the key points from this story with Reuters AI Mathias de RozarioThomson ReutersMathias is a French news reporter based in Gdańsk, Poland. He covers financial and corporate news for the French and Benelux markets. Prior to this, he worked in France, reporting on local news focusing on social, economic and political topics.EmailLinkedin
