Edenred SE (XPAR:EDEN)

€ 46.48 0.21 (0.45%) Market Cap: 11.50 Bil Enterprise Value: 12.34 Bil PE Ratio: 45.81 PB Ratio: 0 GF Score: 91/100

Half Year 2023 Edenred SE Earnings Call Transcript

Jul 25, 2023 / 06:30AM GMT

Release Date Price: €58.64 (-0.91%)

Transcript

Operator

Hello, and welcome to the Edenred Half Year Results Conference Call. My name is Sharon, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Mr. Bertrand Dumazy, CEO; and Mr. Julien Tanguy, CFO, to begin today's conference. Thank you.

Bertrand Dumazy

Edenred SE - Chairman & CEO

Good morning, everybody. Bertrand Dumazy speaking. With Julien, we are happy to share with you the results of H1 2023 for Edenred. If we move to Page 2 of the presentation, is the executive summary.

First of all, Edenred confirms the strong momentum of the last few semesters, because we grew our revenue in H1 2023 by 26% and 25.5% like-for-like. Our level of EBITDA is at EUR 483 million, which is a growth of 32.5% as reported and 35.2% like-for-like. We also improved our EBITDA margin moving up to 41.5%, which is 310 basis points up like-for-like versus the first semester of 2022.

As you know, cash is king. So we are able to post a strong cash generation

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