Report
Johanna Jourdain ...
  • Matthias Desmarais

Edenred : Feedback from the Paris road show: a very confident message on the growth outlook, in a buoyant environment

>FY 2022 EBITDA guidance: aiming for the top of the range - At the H1 2022 results publication, Edenred announced EBITDA guidance of between € 770-820m for FY 2022, i.e. +14-21% organic. The group reiterated that the comparison base in H2 will be more challenging, given the persisting Covid crisis in Europe and Latin America in H1 21, the sharp upturn in H2 2021 and a very good season for gift vouchers in Q4 2021, thanks notably to the increase in the exempted amount...
Underlying
Edenred SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Johanna Jourdain

Matthias Desmarais

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