Report
Johanna Jourdain ...
  • Matthias Desmarais

Edenred : Croissance solide mais pricée, le M&A reste le seul catalyseur

>Base de comparaison moins favorable à partir du T4 - Edenred a enregistré une solide croissance organique de son CA opérationnel au T3, à +14.6%, soutenue par l’ensemble des divisions dont la confirmation d’un retour à la croissance au Brésil dans les Avantages aux salariés. Cependant, le management a rappelé lors de la conference call que l’effet de base sera plus difficile à compter du T4, même si les perspectives de croissance restent bien orientées. Pour rappel, ...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Johanna Jourdain

Matthias Desmarais

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