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Edenred SA (EDNMY)
- 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.
- Globe Newswire
EDENRED : First-half 2023 results - Thanks to the sound execution of its Beyond22-25 plan, Edenred confirms its strong growth momentum, quarter after quarter
First-half 2023 results Thanks to the sound execution of its Beyond22-25 plan, Edenred confirms its strong growth momentum, quarter after quarter Edenred reports a strong increase in earnings compared with first-half 2022 Total revenue of €1,163 million in first-half 2023, up 26.1% as reported (+25.5% like-for-like) Operating revenue of €1,081 million, up 20.0% on a like-for-like basis, including a 19.6% rise in the second quarterOther revenue of €82 million, versus €31 million in first-half 202
- Globe Newswire
Edenred joins the CAC 40
Edenred, a leading digital platform for services and payments and the everyday companion for people at work, is joining the CAC 40, the Paris stock exchange’s benchmark index. The decision was made by Euronext Paris’ Expert Indices Committee, with effect from June 19, 2023. Edenred’s inclusion in the CAC 40 index is recognition of the Group’s stock market performance since its IPO, on July 2, 2010, as part of the demerger of the Accor group’s Services business. After radically disrupting its bus
