60%+ returns in 2025: Here’s how AI-powered stock investing has changed the game
Investing.com -- Pluxee on Monday updated its financial objectives for fiscal 2026 following regulatory reforms announced by the Brazilian government affecting the Workers’ Food Program (PAT).
The company now expects stable total revenues on a like-for-like basis in fiscal 2026, down from its previously announced high-single digit organic growth target.
Pluxee also forecasts a slight organic expansion in recurring EBITDA margin, compared to the +100 basis points previously projected. The company anticipates around 80% average recurring cash conversion rate over fiscal 2024-2026.
The regulatory changes in Brazil include introducing a cap on merchant commission rates, shortening reimbursement delays, and implementing interoperability of meal and food benefits across issuers.
Despite these adjustments, Pluxee maintains a positive outlook, noting that while the measures will impact its financials from mid-year fiscal 2026 through the first half of fiscal 2027, the company expects to return to "a sustainable, profitable growth trajectory" from the second half of fiscal 2027.
Pluxee indicated it is considering legal action against the implementation of these measures, both independently and in conjunction with the Brazilian professional association ABBT.
The company acknowledged that significant uncertainties remain regarding the scope, operational feasibility, and implementation timeline of the Brazilian government’s measures.
For its current projections, Pluxee has relied on "worst-case assumptions" that include full implementation according to the announced timeline, along with various mitigating actions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.