Financial and non-financial performance

A leader with solid and
responsible results

In 2023, the execution of the Beyond22-25 strategic plan enabled Edenred to publish robust performance, both in financial and non-financial terms. These results were reflected in a significant rise in several key indicators, culminating in the company's inclusion in the Euronext Paris CAC 40 index.

Record financial performance

EEdenred recorded a robust financial performance in 2023, with total revenue of over €2.5 billion, up 23.7% as reported compared with 2022.

EBITDA exceeded the €1 billion mark, at €1,094 million, up 30.7% as reported compared with 2022. The EBITDA margin stood at 43.5%, up 2.3 points as reported.

20232022Reported changeLike-for-like change
Total revenue 2,514 2,031 +23.7% +23.4%
EBITDA 1,094 836 +30.7% +33.9%
EBITDA margin 43.5% 41.2% +2.3 pts +3.5 pts
Net profit, Group share 425* 386 +10.3%  
Key financial indicators (in € millions)

* Excluding the €158 million ADLC fine paid in 2021 and accounted for in 2023.

The free cash flow generated over the year totaled €905 million in 2023. This record level reflects a strong growth momentum in all business lines.

The net debt/EBITDA ratio stands at 1.0x EBITDA, considering the acquisition of Reward Gateway for €1.3 billion in 2023.

Free cash flow 905 881
Net debt 1,100 307
EBITDA 1,094 836
Net debt/EBITDA 1.0× 0.4×
Key financial indicators (in € millions)

A recognized financial soundness

Edenred's financial and stock market performance achieved recognition in several areas in 2023:

  • It was included in France’s main stock market index, the Euronext Paris CAC 40 index.

  • It became a member of the Euronext Tech Leaders segment, bringing together some 120 technology leaders listed on Euronext markets.

  • Its “Strong Investment Grade” rating was upgraded by Standard & Poor's from BBB+ to A-, with a stable outlook.

A growing dividend

Proposed dividend per share (in €) 0.75 0.90 1.00 1.10*
* This dividend will be submitted to shareholders for approval at Edenred’s Combined General Meeting on May 7, 2024.

Non-financial performance

Edenred's performance is in line with its corporate social responsibility policy, "Ideal”, and its three pillars: People, Planet and Progress.

These achievements have earned Edenred a place in the Euronext CAC 40 ESG index, as well as recognition in S&P Global's Sustainability Yearbook and the Trophée de l'Immatériel awarded by the Observatoire de l'Immatériel. Furthermore, in 2023, Edenred became an official supporter of the TCFD (Task Force on Climate-Related Financial Disclosures), demonstrating its commitment to the fight against climate change on an international scale.

ESG: key indicators are flashing green


of executive positions held by women (compared to 34% in 2022)


reduction in greenhouse gas emissions intensity (scopes 1 and 2, point sources) compared to 2013 (compared to -51% in 2022)


of Edenred's users and partner merchants have been made aware of the importance of food and sustainable mobility (compared to 58% in 2022)