Edenred 2015 - Revenue for the first nine months


Like-for-like growth in issue volume of 8.7%


Sustained like-for-like performance over the first nine months of 2015:

  • Issue volume up 8.7% like-for-like to €13,290 million, reflecting dynamic growth in Latin America (up 13.0%), a good performance in Europe (up 3.7%) and strong growth in the Rest of the World (up 15.1%)
  • Total revenue up 6.8% to €782 million, reflecting a 7.8% rise in operating revenue with issue volume and stable financial revenue
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    Negative currency effects in the third quarter

     

    Outlook

  • In light of recent trends in the currency markets, the Group has adjusted its full-year 2015 EBIT guidance, which now stands at between €340 million and €355 million.
  • Edenred confirms its policy of allocating free cash flow on a balanced basis to the payment of dividends, for around 90% of recurring net profit after tax, and to the financing of targeted acquisitions, as well as its annual like-for-like growth targets:
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    -8% to 14% growth in issue volume

    -An operating flow-through ratio of more than 50%

    -More than 10% growth in funds from operations (FFO)

     

    Download the full press release here