Edenred : A solid Q3 report and yet the stock has been punished, Edenred is capable of reaching and even exceeding the high end of its guidance range
>Organic growth in line and financial revenue better in Q3, but the stock has been punished - Edenred released its Q3 2023 revenues yesterday, beating expectations by 2%, with organic growth in operating revenue reaching 16.2%, in line with the consensus of 16.3%. This very solid growth rate was nevertheless, as expected, slower than in H1 (+20% organic) and was affected by various factors including: 1/ the expiry of the Action Logement contract in France in July (whi...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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