The logo of Pluxee, the voucher and benefits unit of French catering and food services group Sodexo, is seen at the company headquarters in Paris, France, February 5, 2024. REUTERS
Oct 30 (Reuters) – French voucher and benefits company Pluxee on Thursday cut its 2026 revenue growth guidance, citing uncertain market environment.
It now targets high single-digit revenue growth in 2026 compared with the previous expectation of low double-digit growth.
The company, however, raised its recurring earnings before interest, taxes, depreciation, and amortization (EBITDA) margin outlook by 100 basis points during the year from the previously expected 75-bp increase, and its recurring cash conversion rate to above 80% from above 75%.
It posted recurring EBITDA of 471 million euros ($549.3 million) for its fiscal year ending August 31, a slight beat to the 468 million euros expected by analysts, as per a company-provided consensus.
Pluxee 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)
Reporting by Hugo Lhomedet and Mathias de Rozario in Gdansk; Editing by Harikrishnan Nair and Mrigank Dhaniwala
