|Bid||58.72 x 0|
|Ask||60.12 x 0|
|Day's range||59.34 - 60.40|
|52-week range||42.50 - 61.06|
|Beta (5Y monthly)||0.73|
|PE ratio (TTM)||40.64|
|Forward dividend & yield||1.00 (1.65%)|
|Ex-dividend date||07 Jun 2023|
|1y target est||N/A|
The acquisition amounts to 1.15 billion pounds ($1.45 billion) of enterprise value, Edenred added. Edenred, known for its "Ticket Restaurant" vouchers, has benefited over the past year from rising inflation that have pushed employers to spend more on workers' benefits, boosting a business that accounts for around 60% of its operating revenue. Founded in 2006, Reward Gateway has strong positions in the UK and in Australia, and is also present in the United States, Edenred said.
BRASILIA (Reuters) -Fresh competition in Brazil's lucrative meal voucher market must wait, according to people familiar with discussions between the Finance Ministry and central bank, which disagree about how to regulate a new system in time for its scheduled launch in May. A law passed in September under former President Jair Bolsonaro allows workers to move their meal credit between providers and spend it at any participating restaurant. Tech companies including the financial services arm of Mercado Libre and meal delivery company iFood expect the rules to let them take a bigger bite of a nearly 150 billion reais ($29 billion) market dominated by a handful of companies.
(Reuters) -Edenred on Tuesday beat full-year core profit expectations, as companies used the French group's gift cards and other vouchers to help staff with the cost of living crisis and to retain employees in a tight labour market. Voucher providers have adapted their products to the more challenging economic environment, which has helped to drive growth, while staff shortages pushed employers to spend more on workers' benefits in 2022. Edenred, known for its "Ticket Restaurant" vouchers, said part of the positive impact of these measures was still to come.
(Reuters) -France's Edenred expects profit growth to accelerate over the next three years and revenue to more than triple by 2030 as employers use its meal tickets and fuel cards to help staff cope with inflation, the company said on Tuesday. Digitalisation, changed work practices and the energy transition, combined with declining purchasing power, staff shortages and the need to control expenditure, should help Edenred to grow despite warnings of recession, it said. Edenred has benefited this year from staff shortages and rising inflation that have pushed employers to spend more on workers' benefits.
(Reuters) -French voucher and benefit cards provider Edenred on Thursday hiked its 2022 core profit target for a second time this year, as companies continue to improve employee benefits in response to rising costs. Companies like Edenred stand to benefit from higher inflation as it lead to higher maximum face values of employee benefit cards. "Even if companies do not use all the legal maximum exemptions set by the different countries, an increase in this maximum invariably results in a progressive increase in the value granted by companies to their employees," finance chief Julien Tanguy told reporters.
(Reuters) -French voucher provider Edenred raised its full-year core profit forecast on Tuesday as staff shortages and rising inflation push employers to spend more on benefits for workers. The company, known for its Ticket Restaurant vouchers, said it now expected earnings before interest, tax, depreciation and amortisation (EBITDA) of 770-820 million euros ($787-832 million) this year, implying organic growth of 14-21%. It had previously guided for EBITDA growth of more than 10% for 2022.
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