Edenred : A return to positive growth as of Q3, highly encouraging for 2021 even though visibility remains weak in the short term
>Q3 marks the return to growth, earlier than expected - Edenred returned to positive territory in Q3 with organic growth in operating revenues of 0.9%, which is a very pleasant surprise, whereas the consensus forecast was for -6.3% in Q3 and a later recovery (Q4). This performance confirms the company's positioning as a growth company despite a very tough environment. The recovery in Q3 was driven by all geographic and business areas but we note in particular: 1/ the ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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