Report
Bruno de La Rochebrochard

EDENRED: Feedback CMD: Embarking on (at least) three more years of profitable growth | BUY - Top Picks | EUR50(+17%)

EDENRED - BUY - Top Picks | EUR50(+17%)
Feedback CMD: Embarking on (at least) three more years of profitable growth

New ambitions by leveraging a unique platform
Digital remains a key driver for top-line growth in all businesses…
…and to sustained profitability
Strong cash flow generation to support growth as a priority
Underlying
Edenred SA

Edenred designs and delivers services to clients, companies or public sectors, enabling them to offer beneficiaries additional purpose-directed purchasing power, such as the Ticket Restaurant® meal voucher, and provides prepaid corporate services. Co.'s product offering ensures that allocated funds are used as intended, allowing its clients to manage: Employee benefits (Ticket Restaurant®, Ticket Alimentacion®, Ticket CESU, Childcare Vouchers®, etc.); Expense management process (Ticket Car®, Ticket Clean way®, Repom®, etc.); and Incentive and rewards programs (Ticket Compliments®, Ticket Kadeos®, etc.). Co. also supports public institutions in managing their social benefits programs.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Bruno de La Rochebrochard

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