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    EDEN   FR0010908533

EDENRED SE

(EDEN)
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Real-time Euronext Paris  -  11:38 2022-12-06 am EST
51.98 EUR   +0.08%
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Edenred : expands its offering for works councils with the...

09/12/2022 | 02:50am EST

September 12, 2022

Edenred expands its offering for works councils with the acquisition of EnjoyMonCSE

Edenred, the world leader in specific-purpose payment solutions, has announced the acquisition of EnjoyMonCSE, a provider of solutions for works councils.

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Edenred already leads the market for works council solutions in France, where it has offered a full range of services to more than 6.5 million users and 13,000 clients since 2015 via ProwebCE.

This offering includes software for administering works councils' activities, communicating and managing workplace benefit budgets and accounting, organizing internal events and issuing other perks such as gift vouchers.

It also provides works councils with an e-commerce website for employees. As a result, more than 6.5 million workers in France have access to discounts on over 1 million culture- and leisure-related goods and services offered by merchants through the Edenred digital platform.

By acquiring EnjoyMonCSE, Edenred is strengthening its market leadership. The transaction will expand the Group's client base, particularly in southwest France where EnjoyMonCSE has a very strong presence.

With 25 years of experience, EnjoyMonCSE supports nearly 600 works councils and has more than 100,000 users.

Ilan Ouanounou, General Manager of Edenred France, said: "We are delighted with this acquisition, which complements and enriches Edenred's offering for works councils in France. Edenred is consolidating its leadership position while offering its solution to 600 new clients, including tickets for events and gift cards.Now more than ever, our innovative digital solution is a particularly relevant means of increasing workers' purchasing power, given today's high inflation and tighter household budgets for culture and leisure."

Jean Bernard, Chief Executive Officer of EnjoyMonCSE, said: "We are very proud to be joining the Edenred group. This transaction will enable our works council clients and employee users to enjoy an optimal experience, thanks to the support and technology of Edenred, the market leader. With Edenred, we also share strong human values and a passion for innovation that will contribute to the success of our partnership."

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Disclaimer

Edenred SA published this content on 12 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2022 06:49:06 UTC.


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Sales 2022 1 979 M 2 082 M 2 082 M
Net income 2022 402 M 423 M 423 M
Net Debt 2022 492 M 517 M 517 M
P/E ratio 2022 32,4x
Yield 2022 1,93%
Capitalization 12 954 M 13 627 M 13 627 M
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Nbr of Employees 8 984
Free-Float 99,4%
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