Home Media News & press releases Third-quarter 2018 revenue

Press release

Finance 24 October 2018

Third-quarter 2018 revenue

Accelerated growth in all business lines, paving the way for a new record year.

Further acceleration of growth in the third quarter: 


  • Total income (formerly total revenue) of €325 million, up 13.0% 
  • like-for-like  (4.8% as reported)
  • Strong operating revenue growth of 14.6% like-for-like (6.5% as reported)
  • Accelerated organic growth in operating revenue for both Employee Benefits and Fleet & Mobility Solutions 
  • Double-digit organic growth in operating revenue in both Europe and Latin America



Double-digit organic growth for the first nine months of the year: 

  • Total income of €990 million, up 11.0% like-for-like (3.1% as reported)
  • Operating revenue growth of 12.6% like-for-like (4.8% as reported)
  • Double-digit organic growth in operating revenue in both of the Group’s main business lines (11.1% for Employee Benefits and 17.0% for Fleet & Mobility Solutions) as well as in both of its key regions (14.6% in Europe and 10.7% in Latin America)


Full-year guidance confirmed:

  • EBIT between €440 million and €470 million for the full year  
  • Like-for-like growth expected to substantially exceed annual targets (operating revenue growth of more than 7%, operating EBIT  growth of more than 9%, and growth in funds from operations (FFO)  of more than 10%)

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “Edenred’s growth dynamic accelerated in the third quarter, reflecting our commercial success and the relevance of our innovative and growth-oriented Fast Forward strategy. At Edenred, we are continuously enhancing our global technology platform to deliver safer, more efficient and increasingly innovative services to the 44 million users of our solutions. This is the case, for example, for direct payment of orders made via meal delivery platforms and for the interoperability of payment systems in the toll market. As a result, an increasing number of companies of all sizes are taking advantage of our solutions, which can be used within more than 1.5 million partner merchants.” 


  • February 21, 2019: Full-year 2018 results (before the start of trading on the Paris market) 
  • April 18, 2019: First-quarter 2019 revenue
  • May 14, 2019: Annual Shareholders Meeting



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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