Edenred : Low point expected in Q2, recovery should start in H2
>Good start to 2020 halted by lockdown which should put a significant drag on Q2 - Yesterday, Edenred reported Q1 revenues in line with forecasts, including organic growth of 6.6% in operating revenues. This reflects double-digit organic growth until February, reflecting Edenred’s good underlying momentum in all its markets and activities, which came to a sudden stop in March (-10% organic) due to lockdown measures imposed in most of the group’s countries (Europe, US ...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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