(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)
Comments