Report
Johanna Jourdain ...
  • Matthias Desmarais

Edenred : Fondamentaux solides mais une valorisation élevée

>Accélération en organique au T2, avec un rebond du Brésil - Edenred a publié hier un CA opérationnel S1 en croissance de +11.6% en organique (hors Venezuela) qui suggère une accélération au T2 (+13.4%) vs T1 (+9.8%). L’ensemble des zones et des divisions ont soutenu cette croissance mais nous notons tout particulièrement le retour en territoire positif au T2 (mid-single digit) du Brésil dans la division Avantages aux salariés, après avoir été impacté sur plusieurs tr...
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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Matthias Desmarais
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