Home Media News & press releases Third-quarter 2017 revenue

Press release

Finance 13 October 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%
     

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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.

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