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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Edenred    EDEN   FR0010908533

EDENRED

(EDEN)
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Edenred : CSI Participating in Edenred Idealday in Support of Local Communities

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05/30/2019 | 08:59am EDT

(PRWeb) - On Wednesday June 19, 2019 Edenreds 8,500 employees in 46 countries will spend their working hours supporting their local communities to celebrate Idealday. This day specially reserved for acts of solidarity was created in 2017, and puts into practice the Groups three corporate social responsibility initiatives: Idealpeople, which aims to improve quality of life; Idealplanet, dedicated to the preservation of the environment; and Idealprogress, conceived for responsible value creation. On this occasion Edenred is launching a worldwide partnership with Le Projet Imagine, an NGO created by Frdrique Bedos. Convinced that "inspiration drives action", this unique NGO has chosen "journalism with hope" as its editorial line. In particular, it highlights the "Humble Heroes" of the world. The challenge consists in taking advantage of the power of the media to spread the desire to act on a large scale and thus promote mass civic engagement.

A worldwide partnership reflecting the Groups own values

Edenred announces its engagement alongside the non-governmental organization Le Projet Imagine, created in 2010 by Frdrique Bedos, who was previously a TV and radio journalist and presenter in France and overseas for over 20 years.

Granted a special consultative status by the Economic and Social Council of the United Nations, the Le Projet Imagine NGO creates inspiring audiovisual content for the general public worldwide. Once the public has been sensitized, the NGO accompanies them towards action through programs initiated in schools, cities, prisons and companies so that as many people as possible commit themselves to a more inclusive and sustainable world.

In addition to financial support, Edenreds partnership with the Le Projet Imagine NGO project will take various forms. On June 19, to celebrate Idealday, Frdrique Bedos will meet the Groups Brazilian staff to discuss the subject of solidarity. An internal competition christened Edenred Hero will also be organized in conjunction with the Imagine project in the second half of 2019. In this, Edenred employees will be able to defend the merits of an association that they support on a personal basis and win a donation on its behalf. Frdrique will also participate in various Edenred events, raising employees awareness of the concept of engagement. Edenred is an international group that is present in every continent, but we are also very close to our local communities, not only thanks to our solutions, which aim at making the working world a world of progress and vitalizing local economies, but also through our approach based on sustainable development. I am proud of our partnership with Le Projet Imagine, which is a fine example of this engagement, declared Bertrand Dumazy, the Chairman and Chief Executive Officer of the Edenred Group.

Both in their daily routines and also when it comes to celebrating Idealday, Edenred employees can be everyday heroes. We are delighted to have found a partner with whom we share important values such as imagination and respect for others, declared Frdrique Bedos, the Founder of Le Projet Imagine.

Idealday, a day dedicated to our local communities

Launched in 2017, Idealday enables Edenred employees to carry out acts of solidarity during their working hours, related to the Groups three sustainable development initiatives: Idealpeople, which aims to improve quality of life; Idealplanet, dedicated to the preservation of the environment; and Idealprogress, conceived for responsible value creation. In total, nearly 70 initiatives will be conducted all over the world on June 19, 2019.

Edenred staff in Mexico, for example, will be fighting to prevent the extinction of the turtles on the coast of Tecolutla by helping the newly-born turtles to reach the sea, in partnership with the Vida Milenaria foundation. In Malaysia, our employees will spend their day at the PKYMS Home, in the company of orphans and elderly people, with whom they will share a meal. In France, some of our employees will be refreshing compost piles; others will be continuing the partnership initiated in 2018 with the Sport in the City association, advising young entrepreneurs originating from deprived urban areas.

In 2018, nearly 8,000 Edenred employees and partners had already been involved in some sixty or so initiatives: the laying out by the staff of Edenred Chile of a sustainable garden at a center for underprivileged children; the serving of meals and the collection of clothing for homeless people and refugees, undertaken by Edenred Lebanon; or support activities undertaken by our head office employees with three associations (Le Carillon, Rebelle and Sport in the City).

Idealday at Corporate Spending Innovations:

This year, CSI will be supporting the following organizations on June 19:

Bonita Springs, FL: Ministries for Homeless Naples Animal Shelter Lee County Homeless Coalition

New York, NY: Pantry Distribution in East Harlem

Atlanta, GA: Atlanta Community Food Bank

Sioux Falls, SD: The Banquet, Homeless Shelter

Denver, CO: Dumb Friends League Animal Shelter

Dallas, TX: Dallas Food Bank

Edenred, the global leader in payment solutions for the working world, connects 830,000 corporate clients, 47 million employee users and 1.7 million partner merchants across 46 countries. Thanks to its global technology platform, the Group managed 2.5 billion transactions in 2018, primarily carried out via mobile applications, online platforms and cards, and representing more than 28 billion in business volume.

Edenreds 8,500 staff are driven by a commitment to improving employees quality of life, increasing companies efficiency and boosting merchants revenues. They achieve this through three business lines:

Employee Benefits (food, meals, well-being, leisure, culture and human services)

Fleet & Mobility Solutions (fuel, tolls, maintenance and business travel)

Complementary Solutions, including Corporate Payment Services (virtual payment cards, identified wire transfers and supplier payments), Incentive & Rewards (gift cards and platforms, and incentive programs), and Public Social Programs.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC Next 20, FTSE4Good, DJSI Europe and MSCI Europe.

Follow Edenred on Twitter: http://www.twitter.com/Edenred

CSI provides enterprise-ready payment solutions to world-leading brands with their highly secure corporate payments platform that includes CSI Paysystems, CSI Travel, CSI Go, CSI Connect, CSI Invoice, and Global-Fleet fuel cards. CSI customers can automate 100% of B2B payables including virtual credit card, ghost card, proprietary network, ACH, check, or FX with cross-border payments settled in local currency. CSI is a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval.

Follow CSI on Twitter: http://www.twitter.com/CorpSpending

The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.A., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.

(c) 2019 AIN. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2019 1 597 M
EBIT 2019 537 M
Net income 2019 316 M
Debt 2019 1 173 M
Yield 2019 2,34%
P/E ratio 2019 34,0x
P/E ratio 2020 29,7x
EV / Sales2019 7,48x
EV / Sales2020 6,58x
Capitalization 10 778 M
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Number of Analysts 17
Average target price 41,51  €
Last Close Price 44,30  €
Spread / Highest target 12,9%
Spread / Average Target -6,31%
Spread / Lowest Target -43,6%
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NameTitle
Bertrand Dumazy Chairman & Chief Executive Officer
Elie Du Pré de Saint Maur COO, Executive Vice President-Marketing & Strategy
Patrick Bataillard Executive Vice President-Finance
Dave Ubachs EVP-Digital & Information Technology
Jean-Paul Bailly Independent Director
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