Edenred : Profitable growth still the priority
>Medium-term targets slightly raised - largely achievable - Edenred provided new medium-term financial targets at its CMD. For the new strategic plan for 2019-2022 entitled Next Frontier, the group is targeting average annual organic growth in operating revenues of over 8% per year, which is largely achievable in our view (ODDO BHF estimate: 10.5%). This will be supported by the under-penetration of the markets on which Edenred operates (estimated global meal & food m...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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