Edenred : Presentation Q3 2019 revenue (en anglais)
October 18, 2019 at 02:15 am EDT
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Q3 2019 Revenue
October 18, 2019
EXECUTIVE SUMMARY
In the first 9 months of 2019, total revenue of €1,170m, up 18.1% as reported and 14.3% like-for-like
Sustained double-digit growth in Q3 2019, with total revenue of €393m, up 20.7% as reported and
13.8% like-for-like
Double-digitoperating revenue growth in all regions and all business lines, in line with H1 2019
A positive scope effect of 6.0%, reflecting the contribution from acquisitions in recent months
A slightly positive currency impact of 0.8% in Q3, after a 2.1% negative effect in H1
Enhancements to our global digital platform, enabling both better performance and faster innovation to generate sustainable and profitable growth
Edenred is confident in outperforming its medium-term organic growth targets for operating revenue (>+7%), operating EBIT (>+9%) and FFO (>+10%) for 2019
Edenred confirms FY 2019 EBIT guidance of between €520m and €550m
Due to the current situation in Venezuela, the like-for-like performance and the currency effect are temporarily calculated excluding the country.
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Agenda
Q3 2019 Revenue
2019 Outlook
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LEVERAGING OUR PLATFORM TO INNOVATE
Fast roll-out of innovative solutions fitting user needs
Fast and seamless mobile payment
via proprietary solutions and global wallet
service providers
Countries
32
28
Programs
18
16
19
8
10
11
1
1
3
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June 2016 Dec. 2016 Dec. 2017 Dec. 2018
June 2019 Sept. 2019
New launches in Q3
+3 countries
+4 programs
Seamless digital app-to-app payment
with Edenred Direct Payment Services
Access and pay with Edenred credentials
First use case: Meal delivery platforms
Solid ramp-up in France:
# of transactions x3 in one year
Highly recurring usage, with 40% of users ordering more than 5 times
Live in Belgium since Q2 2019
More countries to come
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Q3 2019 HIGHLIGHTS
Acquisitions & Partnerships
2 acquisitions in Q3:
Benefit Online and EBV Finance
Building a leading European position in employee engagement platforms
Acquisition of Benefit Online, a pioneer in employee engagement platforms in Romania
Deploying value-added services in Fleet & Mobility
Acquisition of EBV Finance, a Lithuanian company specialized in tax refunds for European transportation companies
Becoming the #3 player in Europe and generating strong synergies with Nikosax
Exclusive partnership with Itaú Unibanco in Brazil
Closing of the exclusive partnership with Itaú Unibanco, Brazil largest privately owned bank
Itaú Unibanco is now exclusively distributing Edenred's Employee Benefits in Brazil
Progressive ramp-up of the partnership
throughout 2020
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Disclaimer
Edenred SA published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 06:13:02 UTC
Edenred SE is a leading digital services and payments platform and the everyday companion for people at work, connecting over 60 million employees and more than 2 million partner merchants in 45 countries via nearly 1 million corporate clients.
Edenred SE offers specific-purpose payment solutions for food (meal benefits), incentives (gift cards, employee engagement platforms), mobility (multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (virtual cards). These solutions enhance employee well-being and purchasing power, improve companies' attractiveness and efficiency, and vitalize the employment market and the local economy.
EDENRED SE 
