France's Pluxee raises guidance after strong H1 performance [Reuters]
EDENRED SA UNSP/ADR (EDNMY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
, opens new tab raised its full-year organic sales growth target on Friday, after delivering a strong half-year performance in the group's first earnings report since its Euronext Paris debut in February Citing a favourable macro environment, Pluxee is now targeting between a 15% and 17% increase in its organic revenue growth for the year, compared to the low double-digit percentage increase it forecast in January "This is the result of a very good sales performance. Over the last two years, we've seen very good momentum, but it's a momentum that's continuing, both in terms of signing new customers ... development and annual volumes," CEO Aurelien Sonnet told Reuters in an interview. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at 201 million euros ($214 million) for the period between September and February, representing 28% organic growth compared with the previous year. It was "a performance across the board, in all the regions in which
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