- Edenred‘s 1Q operating revenue reached €667 million, marking a 6.7% year-over-year increase, aligning closely with estimates of €670.8 million.
- The benefits and engagement segment generated €432 million, a rise of 5.9% year-over-year, slightly below the estimate of €441.8 million.
- Mobility operating revenue hit €172 million, showing a robust 15% increase from the previous year and exceeding the estimate of €168.1 million.
- Complementary solutions experienced a decline with revenues of €63 million, down 6% year-over-year, and below the estimated €65.4 million.
- The like-for-like operating revenue increased by 7.1%, slightly ahead of the estimate of 6.6%.
- The benefits and engagement segment’s like-for-like revenue rose by 7.6%, but was below the estimated growth of 8.04%.
- Mobility’s like-for-like revenue grew by 11.8%, surpassing the estimate of 8.49%.
- Complementary solutions like-for-like revenue declined by 6%, though it outperformed the estimated drop of 8.15%.
- Total revenue totaled €724 million, with a 5.7% year-over-year increase, slightly under the forecasted €725.8 million.
- The like-for-like revenue growth was 6.7%, exceeding the estimate of 5.64%.
- For the year, Edenred forecasts an organic EBITDA increase of at least 10%.
- Edenred anticipates a free cash flow to EBITDA conversion above 70% for the full year.
- The full-year targets consider a negative EBITDA impact of €60 million due to a cap on merchant fees in Italy.
A look at Edenred Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
Edenred, a company providing prepaid vouchers for various products and services, shows a promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Dividend, Growth, Resilience, and a solid score in Momentum, Edenred seems well-positioned for future success. The company’s focus on rewarding employees and loyal customers through vouchers for restaurant meals, childcare, and more aligns with its positive outlook, indicating stability and potential growth in the long run.
Overall, Edenred‘s strong performance in key areas such as Dividend, Growth, and Resilience, coupled with a decent Momentum score, sets a positive tone for its future prospects. With a core business model centered around providing vouchers for a range of products and services, Edenred appears to be on a solid path for continued success and sustainability in the long term.
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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