Edenred: 9m sales up 12.6% in comparable terms
(CercleFinance.com) - The group of prepaid service vouchers Edenred has posted Operating revenue of 953 million euros to end-September, up 4.
8% as reported and up 12.6% like-for-like for the first nine months of the year.
This growth reflects the strong growth momentum of all group activities, in Europe and Latin America, where the return to growth of the employee benefits business in Brazil is confirmed, the group explains.
Edenred expects to significantly exceed its organic growth targets in 2018 on its main indicators: increases in operating revenue of over 7%, operating EBIT up by over 9%, with its cash flow up over 10%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8% as reported and up 12.6% like-for-like for the first nine months of the year.
This growth reflects the strong growth momentum of all group activities, in Europe and Latin America, where the return to growth of the employee benefits business in Brazil is confirmed, the group explains.
Edenred expects to significantly exceed its organic growth targets in 2018 on its main indicators: increases in operating revenue of over 7%, operating EBIT up by over 9%, with its cash flow up over 10%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.