April 18, 2019
First-quarter 2019 revenue
A good start to the year, driven by double-digit growth in all business lines and all regions
Total revenue up 14.1% like-for-like and 15.3% as reported to €383 million:
- Strong operating revenue growth of 14.2% like-for-like (+15.6% as reported) to €369 million
- Other revenue up 12.0% like-for-like (+7.9% as reported) to €14 million
- Contribution from acquisitions to total revenue of 4.0%
- Slightly negative currency effect of 2.8%
Operating revenue:
- Double-digit organic growth in all regions and all business lines, following on from the solid performance achieved in 2018
- A positive scope effect of €13 million reflecting the acquisitions of CSI, TRFC, Merits & Benefits and Ekivita, completed in early 2019
- Negative currency effect of €9 million
Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “We have started the year on a path of sustained growth, in line with the performance achieved in 2018. The growth engines that we have put in place continue to produce results quarter after quarter, be it our dynamic sales strategy, notably aimed at winning over SMEs, or our drive to develop innovative products and digital solutions. Double-digit growth has been recorded in all of our business lines and in all of the regions where we operate. The quarter’s revenue also includes several promising, targeted acquisitions that will strengthen our portfolio of solutions in Employee Benefits, Fleet & Mobility Solutions and Corporate Payment Services. This good start to 2019 fills us with confidence as we look to the rest of the year.”
