Edenred : Cautious 2021 guidance but a track record that suggests it might be beaten
>Fundamentals unchanged despite the crisis - Besides the 2020 results which were in line and confirmed the group’s ability to rapidly return to positive organic growth (+1.1% in H2 2020), Edenred’s fundamentals and growth drivers remain unchanged. Edenred should therefore continue to benefit from the digitisation of its solutions, notably via its canteen 2.0 strategy in employee benefits (gains of clients that had physical canteens), which is particularly compatible w...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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