Financials Edenred SE

Equities

Real-time Euronext Paris Other stock markets 03:29:25 2025-01-22 am EST			5-day change	1st Jan Change
31.67 ^EUR	+1.02%		+0.93%	-0.44%

Jan. 20	Edenred: ISP mandate for share buybacks	CF
Jan. 13	Edenred: new Chief Technology Officer	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,626	1,465	1,627	2,031	2,514	2,853	3,065	3,308
Change	-	-9.9%	11.06%	24.83%	23.78%	13.5%	7.42%	7.91%
EBITDA ¹	668	580	670	836	1,094	1,255	1,342	1,446
Change	-	-13.17%	15.52%	24.78%	30.86%	14.75%	6.89%	7.74%
EBIT ¹	545	455	538	687	901	1,036	1,104	1,195
Change	-	-16.51%	18.24%	27.7%	31.15%	15%	6.57%	8.19%
Interest Paid ¹	-35	-37	-19	-54	-172	-196	-186.1	-180.7
Earnings before Tax (EBT) ¹	499	390	494	605	534	824.5	909.8	1,019
Change	-	-21.84%	26.67%	22.47%	-11.74%	54.4%	10.34%	11.96%
Net income ¹	312	238	313	386	267	519.9	572.9	627.6
Change	-	-23.72%	31.51%	23.32%	-30.83%	94.7%	10.2%	9.55%
Announcement Date	2/26/20	3/2/21	2/22/22	2/21/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2022 Q1	2022 Q2	2022 Q4	2023 Q1	2023 Q2	2023 Q4	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	395	301	357	412	373	384	405	439	482	603	557	606	717	710	682	763
Change	-	-23.8%	18.6%	15.41%	-9.47%	2.95%	5.47%	8.4%	9.79%	25.1%	-7.63%	8.8%	18.32%	-0.98%	-3.94%	11.88%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/23/20	7/27/20	10/22/20	3/2/21	4/22/21	7/27/21	10/21/21	4/21/22	7/26/22	2/21/23	4/20/23	7/25/23	2/27/24	7/23/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	696	769	757	870	922	1,109	1,163	1,351	1,395	1,441	1,498	1,568
Change	-	10.49%	-1.56%	14.93%	5.98%	20.28%	4.87%	16.17%	3.26%	3.3%	3.94%	4.66%
EBITDA ¹	255	325	295	-	365	471	483	611	597	656	-	-
Change	-	27.45%	-9.23%	-100%	-	29.04%	2.55%	26.5%	-2.29%	9.88%	-100%	-
EBIT ¹	192	263	232	-	295	392	399	-	488	577	-	-
Change	-	36.98%	-11.79%	-100%	-	32.88%	1.79%	-100%	-	18.24%	-100%	-
Charge d'intérêts ¹	-	-	-	-	-17	-37	-	-	-98	-109	-	-
Earnings before Tax (EBT)	-	-	-	-	270	-	-	-	377	-	-	-
Change	-	-	-	-	-	-100%	-	-	-	-100%	-	-
Net income ¹	-	-	-	-	170	-	202	-	235	298	-	-
Change	-	-	-	-	-	-100%	-	-100%	-	26.81%	-100%	-
Announcement Date	7/27/20	3/2/21	7/27/21	2/22/22	7/26/22	2/21/23	7/25/23	2/27/24	7/23/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,290	1,115	816	307	1,100	1,118	615	113
Change	-	-13.57%	-26.82%	-62.38%	258.31%	1.64%	-44.99%	-81.63%
Announcement Date	2/26/20	3/2/21	2/22/22	2/21/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	98	104	114	151	190	209.9	224.6	240.4
Change	-	6.12%	9.62%	32.46%	25.83%	10.47%	7%	7.04%
Free Cash Flow (FCF) ¹	367	614	490	881	905	853.8	864.5	896.4
Change	-	67.3%	-20.2%	79.8%	2.72%	-5.66%	1.26%	3.68%
Announcement Date	2/26/20	3/2/21	2/22/22	2/21/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	41.08%	39.59%	41.18%	41.16%	43.52%	44%	43.78%	43.71%
EBIT Margin (%)	33.52%	31.06%	33.07%	33.83%	35.84%	36.31%	36.02%	36.12%
EBT Margin (%)	30.69%	26.62%	30.36%	29.79%	21.24%	28.9%	29.68%	30.79%
Net margin (%)	19.19%	16.25%	19.24%	19.01%	10.62%	18.22%	18.69%	18.97%
FCF margin (%)	22.57%	41.91%	30.12%	43.38%	36%	29.92%	28.2%	27.1%
FCF / Net Income (%)	117.63%	257.98%	156.55%	228.24%	338.95%	164.23%	150.9%	142.82%
Profitability
ROA	3.86%	2.6%	3.17%	3.59%	2.18%	3.82%	3.93%	4.17%
ROE	-22.66%	-19.65%	-	-	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	1.93x	1.92x	1.22x	0.37x	1.01x	0.89x	0.46x	0.08x
Debt / Free cash flow	3.51x	1.82x	1.67x	0.35x	1.22x	1.31x	0.71x	0.13x
Capital Intensity
CAPEX / Current Assets (%)	6.03%	7.1%	7.01%	7.43%	7.56%	7.36%	7.33%	7.27%
CAPEX / EBITDA (%)	14.67%	17.93%	17.01%	18.06%	17.37%	16.72%	16.74%	16.63%
CAPEX / FCF (%)	26.7%	16.94%	23.27%	17.14%	20.99%	24.59%	25.98%	26.82%
Items per share
Cash flow per share ¹	1.918	2.926	2.296	3.832	4.14	3.565	3.878	3.937
Change	-	52.55%	-21.51%	66.88%	8.04%	-13.9%	8.77%	1.53%
Dividend per Share ¹	0.87	0.75	0.9	1	1.1	1.218	1.324	1.515
Change	-	-13.79%	20%	11.11%	10%	10.75%	8.67%	14.4%
Book Value Per Share ¹	-4.928	-5.002	-3.496	-2.883	-2.727	-2.763	-1.79	-0.6485
Change	-	1.49%	-30.1%	-17.53%	-5.41%	1.29%	-35.19%	-63.78%
EPS ¹	1.29	0.97	1.19	1.46	1.01	2.024	2.257	2.523
Change	-	-24.81%	22.68%	22.69%	-30.82%	100.41%	11.51%	11.76%
Nbr of stocks (in thousands)	243,291	245,817	249,135	249,207	249,257	241,974	241,974	241,974
Announcement Date	2/26/20	3/2/21	2/22/22	2/21/23	2/27/24	-	-	-