Edenred : Confident tone for 2023 despite the tougher base of comparison
>Very good start to the year driven by commercial momentum - Before trading yesterday Edenred reported Q1 2023 revenues 6% higher than expected, with particularly strong growth in the employee benefits division (+23% organic), which benefited from strong commercial momentum, in particular in the very underpenetrated SME segment, as well as from its Beyond Food strategy (employee engagement platforms such as ProWebCE and MeyClub). At the same time, financial revenue (€...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.