Edenred : Edenred starts 2023 with a rosy outlook
>A good 2022 publication although the margin stability may have been a surprise - Edenred published yesterday before opening robust 2022 results, marked by very strong growth in operating revenues (+19.2% of which +22.3% in Q4) and EBITDA (+25% reported, +23.3% organic) Initially, the market appeared disappointed by the stability of the EBITDA margin at 41.2% before the group explained that it had made investments in H2, which were necessary to fuel its future growt...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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