Home Media News & press releases First-Quarter 2017 Revenue

Press release

Finance 18 April 2017

First-Quarter 2017 Revenue

Solid like-for-like growth in operating revenue (up 10.0%)

Total revenue rose by 29.6% as reported to €322.7 million, reflecting:

  • Like-for-like growth of 9.6%
  • Scope effects, mainly related to the acquisitions of Embratec and UTA, contributing 16.6% to growth
  • A slightly positive currency effect over the period, adding 3.4%

Operating revenue increased by 10.0% like-for-like to €304.9 million, reflecting: 

  • Growth of 6.7% in Employee Benefits and an increase of 27.1% in Expense Management (on a like-for-like basis)
  • Balanced geographic distribution of like-for-like growth, with operating revenue up 8.9% in Europe, 11.8% in Latin America and 9.1% in the Rest of the World (on a like-for-like basis)

A more balanced Group profile, with Expense Management accounting for 24.8% of operating revenue versus 12.8% in the prior year

Full-year 2017 target confirmed: like-for-like growth of more than 7% in operating revenue

Significant events since the beginning of 2017: 

  • Edenred became the number two Europe-wide issuer of multi-brand fuel cards by increasing its stake in UTA to 51%
  • The shift to digital accelerated in France with the acquisition of assets related to Moneo Resto, a fully digital meal voucher solution
  • The first initiative was carried out in the Corporate Payment business line with the launch of a new accounts payable management solution in Europe
  • The Group further strengthened its debt profile through the success of its €500 million 10 year bond issue    


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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