Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Edenred    EDEN   FR0010908533

EDENRED

(EDEN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Edenred : sees core earnings up 10%-plus a year from 2019-22

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/23/2019 | 05:22am EST

(Reuters) - French pre-paid meal vouchers and card provider Edenred set financial targets for 2019-2022 on Wednesday that were slightly ahead of its previous goals, but lower than it delivered last financial year, sending its shares down 2%.

The firm, which helps companies manage staff expenses and benefits, said its "Next Frontier" plan aimed for like-for-like growth in earnings before interest tax, depreciation and amortisation (EBITDA) of more that 10% a year and operating revenue growth of more than 8%.

That compares with targets of 9% and 7% respectively under its "Fast Forward" plan for 2016-2018 and with the 16% and 13% increases delivered respectively in its last financial year.

"New financial targets seem fairly captured in current market expectations but we would note that management’s track record suggests some conservatism and over-delivery vs previous targets," said JP Morgan in a note.

The brokerage expects underlying earnings to grow 17.5% in 2019 and 13.1% in 2020, with underlying revenue up 13.4% and 12% respectively.

Edenred, which is known for its 'Ticket Restaurant' vouchers, beat forecasts earlier this month with third-quarter revenue figures.,

The company said on Wednesday it planned to earmark between 6% and 7% of total revenue each year for investments in 2019-2022. It also forecast an annual increase of at least 0.01 euro ($0.0111) in its dividend, as from 2020.

($1 = 0.8992 euros)

(Reporting by Michal Aleksandrowicz in Gdansk, Editing by Sherry Jacob-Phillips and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
EDENRED -0.25% 44 Real-time Quote.37.37%
HUDSON'S BAY COMPANY -0.98% 9.13 Delayed Quote.25.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EDENRED
11/24Edenred announces that it is restoring normal operations after a malware atta..
GL
11/22EUROPE : Positive trade cues help European stocks wrap up dour week on an upbeat..
RE
11/21Edenred announces malware infection
GL
10/23EDENRED : sees core earnings up 10%-plus a year from 2019-22
RE
10/23EDENRED : Radically transformed, Edenred launches a new phase of profitable grow..
PU
10/23Radically Transformed, Edenred Launches a New Phase of Profitable Growth With..
GL
10/18EDENRED : Press release – Third-quarter 2019 revenue
PU
10/18EDENRED : Third-quarter 2019 revenue
PU
10/18EDENRED : Presentation Q3 2019 revenue (en anglais)
PU
10/18EDENRED : 3rd quarter earnings
CO
More news
Financials (EUR)
Sales 2019 1 602 M
EBIT 2019 539 M
Net income 2019 318 M
Debt 2019 1 160 M
Yield 2019 2,20%
P/E ratio 2019 33,5x
P/E ratio 2020 29,3x
EV / Sales2019 7,42x
EV / Sales2020 6,39x
Capitalization 10 732 M
Chart EDENRED
Duration : Period :
Edenred Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDENRED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 42,55  €
Last Close Price 44,11  €
Spread / Highest target 22,4%
Spread / Average Target -3,54%
Spread / Lowest Target -43,3%
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
Sector and Competitors
1st jan.Capitalization (M$)
EDENRED37.37%11 858
CINTAS CORPORATION52.52%26 519
TELEPERFORMANCE53.15%13 838
UNITED RENTALS53.38%11 819
BUREAU VERITAS SA33.24%11 704
INTERTEK GROUP PLC13.92%11 541