Edenred : What to expect from the H1 2024 earnings release? (on 23/07)
>Confident message on growth momentum and margin improvement - Edenred is set to report its H1 2024 results on 23/07 before the start of trading. We expect total revenues of € 1,385m (+19.2%e reported, consensus € 1,388m), with operating revenues of € 1,265m. Our operating revenue organic growth estimate of +15.9%e in H1 (consensus 15.9%) implies Q2 growth of +15.0%e (consensus 14.9%), a robust level after +16.9% in Q1. Trends are likely to remain very positive in H1,...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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