Edenred : US roadshow feedback: unchanged solid growth forecasts for 2021 after a strong start in H1
>Implicit 2021 EBITDA guidance of +13% organic, sharply up (vs >6% previously) - At the virtual roadshow organised with Edenred (CFO/IR) in the US, the group discussed its 2021 guidance with an EBITDA target of € 620-670m, implying organic growth of +9-17% (vs >6% previously), i.e. a mid-range at +13% above the consensus before publication at +11.5%. Edenred highlighted that the low point of its guidance (€ 620m, +9% organic EBITDA growth) factors in cautious assumpti...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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