Edenred: good start to year - forecasts confirmed.

(CercleFinance.com) - Published on Tuesday after the market closed, Edenred's Q1 2017 sales reached 322.
7 million euros, up 29.6% compared to Q1 2016 (+ 9.6% in organic terms).

This sharp rise includes the integration of Embratec in Brazil and UTA in Germany, as well as positive FX effects of 3.4%, the inventor of restaurant vouchers said.

By geographical zone, revenues increased by 20.3% in published terms in Europe, where they reached 161.4 million euros (+7.9% in organic terms). They also reached 140.8 million euros in Latin America (+47.2% as reported; +12.1% in organic terms) and 20.5 million in the rest of the world (+6.3%; +9% in organic terms).


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