arrow-thincheckemaillocationphone

You are here

October 13, 2017

Third-quarter 2017 revenue

On track for a record year

Edenred has reported third-quarter 2017 total revenue growth of 11.5% to €310 million, reflecting: 

  • A 12.4% rise in operating revenue, including 7.0% organic growth
  • Scope effects arising mainly from the UTA acquisition, adding 6.6% to revenue growth
  • A slightly negative 1.7% currency effect over the period

Operating revenue was up 20.4% to €909 million over the first nine months of the year, lifted by: 

  • Organic growth of 8.0%, including 5.3% for Employee Benefits and 19.3% for Fleet & Mobility solutions
  • A positive scope impact of 10.9%
  • A positive currency effect over the period of 1.5%
     

***
 

Edenred confirms its EBIT guidance of between €420 million and €445 million for full year 2017, versus €370 million in 2016.

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “Edenred’s third quarter revenue performance confirms the relevance of our Fast Forward strategy and the Group’s ability to deliver sustainable and profitable growth. The period was marked by an acceleration of growth in Europe – commitment of our sales teams and the diversification of our suite of solutions are producing results – as well as by the good performance achieved in Hispanic Latin America. In this context, we confirm our organic growth targets for 2017, which is set to be another record year for Edenred in terms of revenue, operating EBIT and funds from operations.

Read the press release

Read more

edenred_appears_in_the_dow_jones_sustainability_index_(DJSI)_europe_for_the_sixth_consecutive_year

News • Social responsability

Edenred appears in the Dow Jones Sustainability Index (DJSI...

24 September 2018

edenred_capital_partners_supports_beekeeper

Press release • Development

Edenred Capital Partners supports Beekeeper in a $13...

edenred_graduate_program

News • Communications

Back to school for the Edenstep 2018 graduates

12 September 2018

edenred_announces_an_exclusive_partnership_with_itau_unibanco_to_boost_its_growth_in_the_brazilian_employee_benefits_market

Press release • Development

Edenred announces an exclusive partnership with Itaú...

edenred_brazil_continues_to_grow_in_the_healthcare_sector

News • Development

Edenred Brazil continues to grow in the healthcare sector

3 September 2018