Home Media News & press releases First-quarter 2016 revenue

Press release

Finance 14 April 2016

First-quarter 2016 revenue

Edenred announces a good like-for-like performance in issue volume and revenue.

Financial information

Key points

  • Solid like-for-like first-quarter growth in line with expectations, with:
    • Issue volume up 7.4% like-for-like to €4,284 million, reflecting accelerating momentum in Europe (up 6.9%), sustained growth in Latin America (up 7.5%) and dynamic growth in the Rest of the World (up 12.1%),
    • Total revenue up 5.2% like-for-like to €249 million, notably reflecting a 5.8% rise in operating revenue with issue volume and a 3.1% decline in financial revenue.
  • Significant negative currency effects over the period, mainly coming from Latin America.
  • Confirmation for 2016 of annual like-for-like issue volume growth at the lower end of the Group's historical medium-term target range of 8%-14%.


First-quarter key facts

  • Creation of a joint venture with Brazilian group Embratec
    Edenred announced in January 2016 the signature of an agreement with Brazilian group Embratec, whereby the two companies will combine their expense management assets in Brazil in a joint venture 65%-owned by Edenred and 35%-owned by Embratec's founding shareholders.
    Read more
  • Appointment to Edenred's Board of Directors
    At its meeting on March 23, 2016, Edenred's Board of Directors appointed Sylvia Coutinho, Country Head of UBS Brazil, as a Director of Edenred.
    Read the press release




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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