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Edenred SA (EDEN.PA)
| Previous close | 44.89 |
| Open | 45.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 44.72 - 45.54 |
| 52-week range | 41.37 - 62.40 |
| Volume | |
| Avg. volume | 746,015 |
| Market cap | 11.263B |
| Beta (5Y monthly) | 0.65 |
| PE ratio (TTM) | 45.00 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.10 (2.45%) |
| Ex-dividend date | 10 Jun 2024 |
| 1y target est | N/A |
- Reuters
Edenred's record annual profit overshadowed by higher financial expenses
Gift and restaurant voucher provider Edenred reported a record annual core profit on Tuesday, but the result was overshadowed by higher financial expenses related to a recent acquisition and rising interest rates, sending its shares lower. The French company, which is known for its "Ticket Restaurant" vouchers, reported earnings before interest, taxes, depreciation and amortization (EBITDA) rose 31% to 1.09 billion euros ($1.18 billion) in 2023, just above a company-compiled consensus of 1.08 billion euros. Like its peer Sodexo, which has just spun off its voucher division, Edenred has seen strong demand for its gift and restaurant vouchers from employers as a way to help staff cope with rising inflation without hiking wages.
- Reuters
French voucher provider Edenred acquires Reward Gateway
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.
