(Reuters) – French vouchers and benefits company Pluxee on Wednesday reported 12.1% organic growth in its operating income in the first quarter, beating market expectations, supported by a good net retention rate and continued acquisitions of new clients.
Its operating income was 249 million euros ($257.8 million) in the three months to Nov. 30, beating analysts’ average forecast of 244 million euros, according to the company’s consensus.
Former benefits unit Sodexo ( EPA: ) also affirmed its full-year outlook.
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