Report
Johanna Jourdain

Edenred : What to expect from the 2022 CMD (25 October): could the mid-term guidance be upgraded?

>Growth drivers unchanged, potentially even enhanced - At the 2022 CMD on 25 October in London, Edenred is expected to reaffirm its structural growth drivers: 1/ the underpenetration of its markets, with penetration rates of 20-30% on average, possibly lower in some segments; 2/ digitalisation of products and sales channels which facilitates access to some segments including SMEs and helps reduce the cost base; 3/ the trend in consumption habits, with home working acc...
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

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