On the occasion of its half-yearly publication, Pluxee has raised its annual targets, aiming for organic sales growth of between 15% and 17%, as well as a recurring EBITDA margin of at least 35% at constant rates, including standalone costs.

The company -which was recently spun off from Sodexo- reported a 25.6% decline in net income to 68 million euros for its first half-year, with a recurring EBITDA margin improving by 90 basis points to 34.4% at constant exchange rates.

Sales totaled 593 million euros, up 21.5% on a reported basis and 24% organically, with its core employee benefits business posting a 20.5% organic increase in operating sales.

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