Edenred SE (OTCPK:EDNMF)

$ 48.6 0 (0%) Market Cap: 12.57 Bil Enterprise Value: 13.48 Bil PE Ratio: 46.67 PB Ratio: 0 GF Score: 88/100

Q1 2019 Edenred SA Corporate Sales Call Transcript

Apr 18, 2019 / 06:30AM GMT

Release Date Price: $45.33

Transcript

Operator

Ladies and gentlemen, welcome to the Edenred Q1 2019 Revenue Conference Call.

I now hand over to Mr. Patrick Bataillard, CFO. Sir, please go ahead.

Patrick Bataillard

Edenred SA - EVP of Finance

Thank you, sir. Good morning, everyone, and welcome to our Q1 2019 revenue conference call. I will commence the slides of the presentation, which is available on our website in the Finance section.

First, let's start with a few highlights of the first quarter on Slide 2. So we're pleased to share with you the Q1 revenue. This quarter is a strong start of the year, with total revenue of EUR 383 million, up 15.3% as reported and 14.1% like-for-like. The group reports double-digit growth in both operating revenue and other revenue, with positive scope effects of plus 4% and a negative currency impact of minus 2.8%, much lower than last year.

Organically, Edenred operating revenue grew at a sustained growth rate in all regions and all business lines in line with the 2018 trends. This good performance has been fueled by 3 main drivers: business

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