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Press release

Events 19 October 2016

2016 Investor Day: Edenred presents Fast Forward, its three-year strategic plan

The Group is accelerating its transformation by laying the foundations for new sources of profitable and sustainable growth

Fast Forward, Edenred's strategic plan, is designed to accelerate the Group's transformation over the next three years while laying the foundations for new sources of profitable growth.

The plan leverages the Group's unique expertise in building and managing value-added solutions within B2B transactional ecosystems, which it started to develop over 50 years ago in the Employee Benefits business and subsequently extended to Expense Management in particular.

These ecosystems have structurally solid fundamentals and the Group's aim is to continue unlocking the strong growth potential they offer. Edenred will look to:

  • Leverage the growth opportunities that result from increased digitalization of Employee Benefits solutions in order to develop new services and reinforce Edenred's leadership.
  • Become a global leader in the Expense Management market, notably by leveraging the acquisition of Embratec in Brazil in 2016 and by acquiring a controlling interest in UTA in 2017.
  • Capitalize on the Group's technological expertise and know-how to develop value-added solutions for new B2B transactional ecosystems such as Corporate Payments.

 

The Group has defined ambitious new organic growth targets for the coming three years within the scope of its Fast Forward plan:

  • Annual like-for-like operating revenue growth of over 7%
  • Annual like-for-like operating EBIT growth of more than 9%
  • Annual like-for-like FFO growth of above 10%

Edenred’s ambition is to maximize value creation for shareholders through a balanced deployment of capital between investments and shareholder return, in line with the Group's growth profile. This will be reflected in an adjustment of the dividend policy which will, from now on, aim at paying out at least 80% of the Group's net profit, Group share.

 

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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Matthieu SANTALUCIA

Media relations

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