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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Edenred    EDEN   FR0010908533

EDENRED

(EDEN)
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Edenred : keeps 2019 guidance as first-quarter revenue rises

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04/18/2019 | 02:51am EDT

(Reuters) - French vouchers and card provider Edenred kept its guidance for 2019 unchanged on Thursday, as its total revenue rose in the first quarter amid growth in all of its divisions.

The company, which competes with Sodexo, said it still expected like-for-like operating revenue growth of more than 7 percent this year, as well as like-for-like growth in earnings before interest and tax (EBIT) of more than 9 percent.

It reported total revenue in the first quarter of 383 million euros (£332.2 million), up 15.3 percent from a year earlier.

JP Morgan said Edenred's operating revenue in the quarter was around 2 percent above analysts' consensus forecast.

"Double-digit growth has been recorded in all of our business lines and in all of the regions where we operate," Edenred Chairman and CEO Bertrand Dumazy said in a statement.

Growth was particularly strong outside Europe, helped by the acquisition of U.S. payment solutions provider CSI.

Edenred struck several acquisition deals in 2018 and said it was looking for opportunities in other markets, including Asia.

(Reporting by Boleslaw Lasocki in Gdynia; Editing by Gopakumar Warrier and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
EDENRED -0.21% 42.83 Real-time Quote.33.54%
SODEXO 0.54% 97.68 Real-time Quote.8.58%
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Financials (EUR)
Sales 2019 1 594 M
EBIT 2019 537 M
Net income 2019 317 M
Debt 2019 1 164 M
Yield 2019 2,42%
P/E ratio 2019 32,7x
P/E ratio 2020 28,6x
EV / Sales2019 7,28x
EV / Sales2020 6,25x
Capitalization 10 432 M
Chart EDENRED
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Technical analysis trends EDENRED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 41,54  €
Last Close Price 42,88  €
Spread / Highest target 16,6%
Spread / Average Target -3,13%
Spread / Lowest Target -41,7%
EPS Revisions
Managers
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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