October 24, 2018
Third-quarter 2018 revenue
Accelerated growth in all business lines, paving the way for a new record year.
Accelerated growth in all business lines, paving the way for a new record year.
Further acceleration of growth in the third quarter:
- Total income (formerly total revenue) of €325 million, up 13.0%
- like-for-like (4.8% as reported)
- Strong operating revenue growth of 14.6% like-for-like (6.5% as reported)
- Accelerated organic growth in operating revenue for both Employee Benefits and Fleet & Mobility Solutions
- Double-digit organic growth in operating revenue in both Europe and Latin America
Double-digit organic growth for the first nine months of the year:
- Total income of €990 million, up 11.0% like-for-like (3.1% as reported)
- Operating revenue growth of 12.6% like-for-like (4.8% as reported)
- Double-digit organic growth in operating revenue in both of the Group’s main business lines (11.1% for Employee Benefits and 17.0% for Fleet & Mobility Solutions) as well as in both of its key regions (14.6% in Europe and 10.7% in Latin America)
Full-year guidance confirmed:
- EBIT between €440 million and €470 million for the full year
- Like-for-like growth expected to substantially exceed annual targets (operating revenue growth of more than 7%, operating EBIT growth of more than 9%, and growth in funds from operations (FFO) of more than 10%)
Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “Edenred’s growth dynamic accelerated in the third quarter, reflecting our commercial success and the relevance of our innovative and growth-oriented Fast Forward strategy. At Edenred, we are continuously enhancing our global technology platform to deliver safer, more efficient and increasingly innovative services to the 44 million users of our solutions. This is the case, for example, for direct payment of orders made via meal delivery platforms and for the interoperability of payment systems in the toll market. As a result, an increasing number of companies of all sizes are taking advantage of our solutions, which can be used within more than 1.5 million partner merchants.”
UPCOMING EVENTS
- February 21, 2019: Full-year 2018 results (before the start of trading on the Paris market)
- April 18, 2019: First-quarter 2019 revenue
- May 14, 2019: Annual Shareholders Meeting
