October 23, 2019
Radically transformed, Edenred launches a new phase of profitable growth with its "Next Frontier" strategic plan for 2019-2022
At its Capital Markets Day event held today in London, Edenred unveiled “Next Frontier”, its new strategic plan for 2019-2022.
At its Capital Markets Day event held today in London, Edenred unveiled “Next Frontier”, its new strategic plan for 2019-2022.
A radically transformed Group thanks to “Fast Forward” (2016-2018)
- Increase in scale following strong organic growth and well-integrated acquisitions
- New growth momentum in Edenred’s three business lines and 46 countries
- Creation of a technology leader offering a wide range of innovative digital solutions
A vision: be the everyday companion for people at work
- A trusted partner for a network connecting close to 50 million employees with 2 million partner merchants via 830,000 companies as part of a virtuous circle
- An intermediation platform for specific-purpose services and payments in the working world
“Next Frontier”: unlocking the full potential of a unique platform model to generate further profitable and sustainable growth
- Expanding and strengthening Edenred’s presence in existing businesses, in still largely underpenetrated markets
- Accelerating innovation as a driver of differentiation and source of additional growth
- Continuing to implement a strategy of targeted acquisitions alongside robust organic growth
New, more ambitious annual financial targets for 2019-2022
- Like-for-like operating revenue growth of more than 8%
- Like-for-like EBITDA growth of more than 10%
- A free-cash-flow/EBITDA conversion rate of more than 65%
New capital allocation policy in line with the Group’s growth strategy, with the introduction of a progressive dividend
Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: "The successful execution of the Fast Forward strategic plan radically transformed the Edenred Group and gave fresh momentum to its growth. In three years, the Group accomplished its technological transition and is today positioned among the leading digital players in its various markets. The new strategic plan for 2022, Next Frontier, which is being led by our 10,000 employees, aims to develop and enhance the unique and virtuous network that we have created in the working world. With Next Frontier, Edenred is ready and able to capture the full potential of its platform to the benefit of a broader client base. To reflect this confidence, the Group has raised its ambitions for profitable growth."
The Capital Markets Day event will be webcast live online starting at 10:00 a.m. (CEST). The presentation slides and a replay of the webcast will be available later on.
