Edenred : Gradual recovery expected in most of the group’s activities from the end of Q2 though visibility is still limited in Latam and at CSI
>Low point expected in Q2: gradual recovery in Europe, visibility still limited in Latam and at CSI - Following a contact with the company, we continue to think that Q2 should be the low point in 2020 for Edenred. Business is picking up gradually in countries that have eased their lockdowns (Europe, 56% of operating revenues) and should follow suit at a later date in Latin America (36% of sales). In employee benefits, Edenred is seeing a gradual recovery, which depen...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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