Report
Johanna Jourdain

Edenred : What to expect from the FY 23 publication? (27 February before trading)

>Positive surprises expected from FY 23 EBITDA and FCF - Edenred is set to release its FY 23 results on 27 February before the start of trading. We expect a very robust publication, buoyed by solid commercial momentum for all businesses and regions. We forecast revenues at € 2,522m, up 24.2%, of which organic growth in operating revenues of 17.3% (consensus 17.0%) and financial revenues at € 200m (consensus in line). Our EBITDA estimate at € 1,094m is 1% above the con...
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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