Pluxee tops Q1 revenue expectations thanks to client retention, new contracts
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FILE PHOTO: 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/Sarah Meyssonnier/File Photo
(Reuters) - French voucher and benefits company Pluxee reported 12.1% organic growth in its first-quarter operating revenue on Wednesday, beating market expectations, supported by a sound net retention rate and continued new client acquisitions.
Its operating revenue was 249 million euros ($257.8 million) in the three months through Nov. 30, beating analysts' average forecast of 244 million euros in a company-provided consensus.
The former benefits unit of Sodexo also confirmed its full-year outlook.
($1 = 0.9657 euros)
(Reporting by Mathias de Rozario and Jakob Van Calster in Gdansk; Editing by Milla Nissi)
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