Edenred : H1 2024 beat, FY 2024 guidance in line
>H1 2024 results beat expectations, with EBITDA 2% above estimates - Edenred’s total H1 2024 revenues came in at € 1,395m (+20% reported), 1% above the consensus at € 1,388m. In detail, operating revenues amounted to € 1,271m (consensus € 1,270m), with organic growth of 17.0% (non-adjusted basis for better comparison with consensus, +15.4% otherwise), above the consensus at 15.9%. This implies organic growth of +15.4% in Q2, slightly beating expectations at +14.9% and...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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