Edenred : What should we expect from the 2020 results publication? (2 March before trading)
>2020e results: growth to recover as of H2 and cost control - Edenred is set to release its 2020 results on 2 March before the start of trading. We forecast a decline in operating revenues of -1.8% on an organic basis in 2020e (vs consensus -2.2%) which suggests that growth was maintained in Q4 at +0.7% (vs consensus -1.4%). This comes after +0.9% in Q3 and -4.6% in H1, cementing Edenred’s capacity to rebound quickly as the situation returns to normal. Therefore, alth...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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