Report
Johanna Jourdain

Edenred : What to expect from the FY 2022 results publication (21 Feb. before the market open)?

>We are forecasting organic growth in operating revenues of 17.8% (vs 17.2%) and EBITDA at the upper end of the range - Edenred is set to release its 2022 results on 21 February before the market open. We expect a very good publication, with a high level of growth and solid profitability and FCF generation. We expect total revenues of € 2.03bn, up 24.7%, assuming operating revenues of € 1,949m, with organic growth of 17.8% (consensus 17.5%) driven by all regions and b...
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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