Movida shares plunge 20% as rate expectations outweigh strong Q3 earnings
Published 1 d ago3 sourcesEvidence: Reported
Pluxee's CEO flagged 2027 as a transitional year due to full absorption of Brazilian regulatory changes, triggering a 13.25% share drop to €12.31 despite a rising SBF 120. The company's FY revenue rose 1.2% to €1.3bn, but net income fell 12.3% to €191m, underscoring margin pressure. The market is pricing in a prolonged earnings drag from Brazil, a key market for the meal-voucher firm.
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