Edenred : Preview FY18 (22/02): Solid results expected for 2018, the tone should be confident for 2019
>Solid results expected for 2018 - Edenred will publish its 2018 results on 22/02 before trading. We expect them to be solid, buoyed notably by Europe and the gradual recovery of Brazil in employee benefits. 2018 results are expected to be significantly above the group’s guidance with organic growth in operating revenues of 12.1% (consensus 12.3%, guidance >7%), organic growth in operating EBIT of 20.4% (consensus 19.3%, guidance >9%) and EBIT of € 461m, at the upper ...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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