- Edenred‘s first-half EBITDA was €654 million, up 9.5% year-over-year, exceeding the estimate of €632.7 million.
- Organic EBITDA grew by 14.4%.
- The EBITDA margin was 45.1%, beating the estimate of 43.4%.
- Revenue for the first half remained steady, meeting the estimate of €1.45 billion with a year-over-year increase of 4%.
- Like-for-like revenue increased by 6.4%, though it was below the estimated 8.28%.
- Operating revenue reached €1.34 billion, a 5.4% increase year-over-year, matching the estimate.
- Benefits and engagement operating revenue grew by 5.6% to €867 million, slightly above the estimates of €863.7 million.
- Mobility operating revenue increased by 12% to €347 million, just below the estimate of €349.7 million.
- Complementary solutions operating revenue declined by 10% to €125 million, missing the estimate of €129.8 million.
- Like-for-like operating revenue rose by 7.1%, in line with the estimate.
- Benefits and engagement like-for-like revenue improved by 8.1%.
- Mobility like-for-like revenue saw a notable increase of 10.9%.
- Complementary solutions like-for-like revenue fell by 7.6%.
- First-half EBIT was €522 million, a 7% rise, surpassing the estimate of €506.3 million.
- Net income remained unchanged at €235 million year-over-year, falling short of the €259.4 million estimate.
- In the second quarter, operating revenue was €672 million, a 4% increase year-over-year, but below the €677.8 million estimate.
- Second-quarter revenue stood at €727 million, an increase of 2.4% year-over-year, missing the estimate of €729.6 million.
- Second-quarter like-for-like revenue grew by 6.2%, exceeding the estimate of 5.44%.
- The company forecasts organic EBITDA growth above +10% for the year, previously set at a minimum of +10%.
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A look at Edenred Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are predicting a positive long-term outlook for Edenred, a company that specializes in providing prepaid vouchers for a variety of products and services. According to the Smartkarma Smart Scores, Edenred has received strong ratings in key areas like Dividend, Growth, and Resilience, reflecting positive indicators for the company’s future performance. With high scores in these important factors, Edenred is positioned well to deliver value to its investors and potentially experience growth in the coming years.
Edenred‘s focus on providing vouchers for restaurant meals, childcare, and other rewards for employees and loyal customers has contributed to its favorable outlook. Despite a slightly lower score in Momentum, the company’s overall strong performance in Dividend, Growth, and Resilience highlights its stability and potential for long-term success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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