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Press release

Finance 12 February 2015

Edenred announces strong like-for-like growth of its 2014 results

Despite the unfavorable currency effect, Edenred has announced sustained growth of its like-for-like results for 2014 and achievements that are in line with its growth strategy.

The key figures

  • A +12.0% increase in issue volume to €17,713 billion*
  • An operating flow-through ratio of 57% *
  • A +14.4% increase in EBIT to €343 million*
  • A +15.1% increase in funds from operations to €261 million*
  • The unfavorable currency effect over the year, resulting in stable reported EBIT.

*Like-for-like growth

Main achievements in 2014

The Employee benefits activity, which is the Group's strongest pillar, representing 81% of issue volume, grew strongly in 2014 (+10.6%, on a like-for-like basis). This growth was achieved by winning new clients, by launching new solutions and by changes in the regulatory landscape.
The Expense management activity grew even more strongly (+24.1% on a like-for-like basis). As the Group's second most important pillar, its strong development is due to a number of acquisitions (including UTA, a leading issuer of fuel cards for heavy vehicles fleets in Europe), business partnerships, and the launch of news solutions in the business travel segment.
The shift to digital of the Group’s solutions continues apace, with an issue volume from digital solutions that reached 62% by the end of the year.

Edenred confirms its annual like-for-like objectives

  • 8% to 14% growth in issue volume
  • An operating flow-through ratio of more than 50%
  • More than 10% growth in funds from operations (FFO)

Consult the press file of the 2014 annual results

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