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Press release

Finance 13 October 2015

Third-quarter 2015: Like-for-like growth in issue volume of 8.7%

On October 13, 2015, Edenred released its revenue for the first nine months of the year.

 Key points

  • Sustained like-for-like performance over the first nine months of 2015: 
  1. Issue volume up 8.7% like-for-like to €13,290 million, reflecting dynamic growth in Latin America (up 13.0%), a good performance in Europe (up 3.7%) and strong growth in the Rest of the World (up 15.1%).
  2. Total revenue up 6.8% to €782 million, reflecting a 7.8% rise in operating revenue with issue volume andstable financial revenue.
  • Negative currency effects in the third quarter

Outlook     

  • In light of recent trends in the currency markets, the Group has adjusted its full-year 2015 EBIT guidance, which now stands at between €340 million and €355 million.
  • Edenred confirms its policy of allocating free cash flow on a balanced basis to the payment of dividends, for around 90% of recurring net profit after tax, and to the financing of targeted acquisitions, as well as its annual like-for-like growth targets:
  1. 8% to 14% growth in issue volume
  2. An operating flow-through ratio of more than 50%
  3. More than 10% growth in funds from operations (FFO)

Quarterly information

Appointment of Bertrand Dumazy as Chairman and Chief Executive Officer of Edenred

The Board of Directors of Edenred announced on September 11 the appointment of Bertrand Dumazy as the Group's Chairman and Chief Executive Officer.
He will take up his position at Edenred on October 26. 

Upcoming events

  • February 11, 2016: Full-year 2015 results
  • April 14, 2016: First-quarter 2016 revenue
  • May 4, 2016: Annual Shareholders' Meeting

 

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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Press contacts

Matthieu SANTALUCIA

Media relations

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