Edenred SE (XPAR:EDEN)
€ 31.32 0.01 (0.03%) Market Cap: 7.58 Bil Enterprise Value: 9.23 Bil PE Ratio: 27.46 PB Ratio: 0 GF Score: 81/100

Full Year 2022 Edenred SE Earnings Call Transcript

Feb 21, 2023 / 07:30AM GMT
Release Date Price: €52.96 (+1.22%)
Bertrand Dumazy
Edenred SE - Chairman & CEO

Good morning, everybody. I am Bertrand Dumazy, and I am with Julien Tanguy, the CFO of the group, Edenred. And we are very pleased to have you today for the presentation of our full year 2022 results.

If I go to Page 2, the first thing is, yes, we posted in 2022 some growth of about 25%. And this growth is marked by an acceleration in Q4. So 24.8% as reported growth for the total revenue and almost 30% in Q4. In fact, this growth has been fueled by a strong business momentum, but also by commercial dynamism. And behind that, you have a lot of continuous innovation for Edenred.

So those record full year top line growth results in compelling financial performance. The EBITDA is at EUR 836 million, which is up almost 25% reported and 23% like-for-like. We also have a record net profit group share, up 23.3% at EUR 386 million. And we are also pleased to post a record free cash flow of EUR 881 million that leads to an unleveraged profile with a net debt-to-EBITDA ratio at 0.4x.

So we are able to propose to the general is also true,

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