First-half 2015: solid growth in business and financial results

On 24 July 2015, Edenred announces solid growth in business and financial results.

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Strong like-for-like improvement in financial results in the first half of 2015, with:

Issue volume up 9.6% like-for-like to €9 110 million, reflecting dynamic growth in Latin America (up 15.2%), a good performance in Europe (up 3.5%) and strong growth in the Rest of the World (up 16.4%).
Total revenue up 7.8% like-for-like to €539 million, reflecting a 9.1% rise in operating revenue with issue volume and a stable financial revenue.

Sustained improvement in financial results on a reported basis, with:

EBIT up 11.5%.
Recurring earnings per share up 10.7%.

Annual like-for-like targets confirmed.

First-half key facts

Increased stake in ProwebCE

On March 25, 2015, Edenred and the ProwebCE management team joined forces to acquire 100% of the capital of ProwebCE, the French leader in solutions for works councils.

Finalization of the acquisition of a 34% stake in Union Tank Eckstein (UTA) in Germany

On February 27, 2015, Edenred finalized its acquisition of a 34% stake in UTA, a leading issuer of fuel cards for heavy vehicle fleets in Europe. The transaction represents an investment of around €150 million and will be accretive to earnings as from 2015.Placement bond issue.

New partnership with Daimler in Brazil

With more than 25 years of experience in Brazil's fuel card market via Ticket Car®, its flagship solution, Edenred partners with the Daimler group to launch MercedesServiceCard, a service card co-branded with Ticket Car® and intended for the Brazilian road transportation market.

Further progress in the shift to digital

At the end of first-half 2015, digital solutions accounted for 66% of the Group's issue volume.

Download the press release (PDF, 709.1 KB)

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.