Home Media News & press releases First-quarter 2019 revenue

Press release

Finance 18 April 2019

First-quarter 2019 revenue

A good start to the year, driven by double-digit growth in all business lines and all regions

Total revenue up 14.1% like-for-like and 15.3% as reported to €383 million:

 

  • Strong operating revenue growth of 14.2% like-for-like (+15.6% as reported) to €369 million
  • Other revenue up 12.0% like-for-like (+7.9% as reported) to €14 million
  • Contribution from acquisitions to total revenue of 4.0%
  • Slightly negative currency effect of 2.8%

Operating revenue:

  • Double-digit organic growth in all regions and all business lines, following on from the solid performance achieved in 2018
  • A positive scope effect of €13 million reflecting the acquisitions of CSI, TRFC, Merits & Benefits and Ekivita, completed in early 2019 
  • Negative currency effect of €9 million
     

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “We have started the year on a path of sustained growth, in line with the performance achieved in 2018. The growth engines that we have put in place continue to produce results quarter after quarter, be it our dynamic sales strategy, notably aimed at winning over SMEs, or our drive to develop innovative products and digital solutions. Double-digit growth has been recorded in all of our business lines and in all of the regions where we operate. The quarter’s revenue also includes several promising, targeted acquisitions that will strengthen our portfolio of solutions in Employee Benefits, Fleet & Mobility Solutions and Corporate Payment Services. This good start to 2019 fills us with confidence as we look to the rest of the year.

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About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 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), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) 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 sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 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, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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Matthieu SANTALUCIA

Media relations

By phone: +33 (0)6 83 54 12 10