Radically transformed, Edenred launches a new phase of profitable growth with its "Next Frontier" strategic plan for 2019-2022

At its Capital Markets Day event held today in London, Edenred unveiled “Next Frontier”, its new strategic plan for 2019-2022.

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A radically transformed Group thanks to “Fast Forward” (2016-2018)

Increase in scale following strong organic growth and well-integrated acquisitions
New growth momentum in Edenred’s three business lines and 46 countries
Creation of a technology leader offering a wide range of innovative digital solutions

A vision: be the everyday companion for people at work

A trusted partner for a network connecting close to 50 million employees with 2 million partner merchants via 830,000 companies as part of a virtuous circle
An intermediation platform for specific-purpose services and payments in the working world

“Next Frontier”: unlocking the full potential of a unique platform model to generate further profitable and sustainable growth

Expanding and strengthening Edenred’s presence in existing businesses, in still largely underpenetrated markets
Accelerating innovation as a driver of differentiation and source of additional growth
Continuing to implement a strategy of targeted acquisitions alongside robust organic growth

New, more ambitious annual financial targets for 2019-2022

Like-for-like operating revenue growth of more than 8%
Like-for-like EBITDA growth of more than 10%
A free-cash-flow/EBITDA conversion rate of more than 65%

New capital allocation policy in line with the Group’s growth strategy, with the introduction of a progressive dividend

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: "The successful execution of the Fast Forward strategic plan radically transformed the Edenred Group and gave fresh momentum to its growth. In three years, the Group accomplished its technological transition and is today positioned among the leading digital players in its various markets. The new strategic plan for 2022, Next Frontier, which is being led by our 10,000 employees, aims to develop and enhance the unique and virtuous network that we have created in the working world. With Next Frontier, Edenred is ready and able to capture the full potential of its platform to the benefit of a broader client base. To reflect this confidence, the Group has raised its ambitions for profitable growth."

The Capital Markets Day event will be webcast live online starting at 10:00 a.m. (CEST). The and a replay of the webcast will be available later on.

Download the press release (PDF, 161.2 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.