Third-Quarter 2016 Revenue

Acceleration in like-for-like growth in issue volume and revenue

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The Group's like-for-like growth1 picked up pace in the third quarter of 2016, as expected:

Issue volume was up 10.2% like-for-like. All families of solutions contributed to this solid performance, with like-for-like growth of 8.2% in Employee Benefits and 17.2% in Expense Management.
Revenue also grew at a sustained pace, with like-for-like growth of 9.1% in the third quarter.

For the first nine months of the year, the Group posted robust like-for-like growth with:

Issue volume up 8.9% like-for-like to €13,911 million for the nine months to September 30, reflecting a good performance throughout Europe (up 7.7%), an acceleration in growth in Latin America (up 10.0% over the nine-month period and 14.3% in the third quarter), and strong growth in the Rest of the World (up 9.8%).
Total revenue up 7.0% like-for-like to €804 million for the nine months to September 30, reflecting a rise of 7.6% in operating revenue with issue volume and a decrease of 1.9% in financial revenue.

The Group confirms its targets for full-year 2016:

Organic growth in issue volume in line with the Group's historic target of 8-14% (expected at the lower end of the range).
An operating flow-through ratio2 of more than 50%.
Like-for-like growth in funds from operations (FFO) of over 10%.
EBIT of between €350 million and €370 million3.

Download the press release (PDF, 551.3 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.