Pluxee, the former employee benefits division of Sodexo, raised its organic sales growth and Ebitda margin targets for 2024 on Friday, buoyed by the group's solid performance in the first half of its fiscal year.

Pluxee, which floated on the Paris stock exchange in February, is now targeting organic sales growth of between 15% and 17% this year, after announcing a growth target of around 10% 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 from the point of view of signing new customers, (of) development... (and) annual volume", said CEO Aurélien Sonnet in an interview with Reuters.

Recurring Ebitda for the period from September to February stood at 201 million euros, up 28% year-on-year on organic growth.

"This is a performance that is 'across the board', so it's really in all the regions in which we operate," said Aurélien Sonnet.

Pluxee's main competitor, Edenred, reported better-than-expected first-quarter operating sales on Thursday, up 18.8% to 625 million euros.

(Stéphanie Hamel reports, Augustin Turpin reports, edited by Blandine Hénault)