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

Q3 2019 Edenred SA Corporate Sales Call Transcript

Oct 18, 2019 / 06:30AM GMT
Release Date Price: $48.18
Operator

Ladies and gentlemen, welcome to the Edenred Q3 2019 Revenue Conference Call. I'll now hand over to Mr. Patrick Bataillard, CFO. Sir, please go ahead.

Patrick Bataillard
Edenred SA - EVP of Finance

Good morning, everyone, and welcome to our Edenred Q3 2019 Revenue Conference Call. I will comment on the slides of the presentation, which is available on our website in the Finance section.

First, let's start first with a few highlights of the third quarter on Slide 2. In this third quarter, Edenred posted a sustained double-digit revenue growth across all its business lines and all its regions. In the first 9 months of 2019, our total revenue came in at EUR 1,170 million, up 18.1% as reported and up 14.3% like-for-like. Looking more precisely at the third quarter. Total revenue was up 20.7% as reported and 13.8% like-for-like, including a positive scope effect of 6%, reflecting the contribution from the acquisition we've made in the last 12 months, such as Easy Welfare in Italy or CSI in North America.

Reported growth this quarter includes also

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