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Press release

Finance 14 April 2015

First-quarter 2015: sustained growth in issue volume

Edenred announces a sustained growth in issue volume, up 10% like-for-like at the first-quarter.

On 14 April 2015, the Group released its results for the first quarter.



 Key points: 


  • Sustained organic growth in the first-quarter, with:
  1. Issue volume up 10% like-for-like to €4,553 million, reflecting dynamic growth in Latin America (up 17.3%), a good performance in Europe (up 2.7%) and strong growth in the Rest of the World (up 16%).
  2. Total revenue up 8% like-for-like to €263 million, reflecting a 9% rise in operating revenue with issue volume and a 2.7% rise in financial revenue.
  • Slightly positive currency effect over the period 
  • Objective of 8% to 14% growth in issue volume over the medium term confirmed First-quarter


Key facts: 

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

On February 27, 2015, Edenred finalized its acquisition of a 34% interest in UTA, a leading issuer in the European fuel card market for heavy vehicle fleets. The transaction represents an investment of around €150 million.

  • Placement bond issue  

On March 3, 2015, Edenred successfully placed a €500 million 10-year 1.375% bond issue. The bond issue was placed with around 200 international institutional investors and was more than five times oversubscribed, confirming the market's confidence in the Group's credit quality.

  • Edenred increases its 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.



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.

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