Edenred : Un T1 encourageant pour la suite de l’année 2021
>Forte accélération de la croissance attendue dès le T2 - Après un T1 encourageant, nous attendons une forte accélération de la croissance organique dès le T2 (ODDO BHF +25%e) qui bénéficiera d’une base de comparaison très facile (-15% au T2 20) et la réouverture progressive des restaurants attendue en Europe à mi/fin T2 (backlog de fonds à dépenser de 400/500 M€ soit 10/15 M€ de CA selon nos estimations). En parallèle, le retour de la croissance au Brésil (+5.5% au T...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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