Edenred: 14% growth in 9m revenues

(CercleFinance.com) - For the first nine months of the year, Edenred posted total revenues of almost E2.
08bn, up 15.9% LFL (+14.1% as reported) compared with the same period in 2023. NB: cp -15%.

The payment solutions group's total Q3 revenue came to E682m, up 11.5% on a comparable basis, including operating sales of E619m, up 10.8% on a comparable basis.

The slight slowdown in growth in certain European countries such as France, Germany and Central Europe was partly offset by the acceleration in Brazil and a sustained performance in Italy and Mexico, management said.

Edenred confirms its 2024 EBITDA target, with a tightened range of E1,245m to E1,285m, as well as its commitment to cash generation, with a FCF/EBITDA conversion rate of over 70%.


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