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

Q3 2023 Edenred SE Corporate Sales Call Transcript

Oct 19, 2023 / 06:30AM GMT

Release Date Price: €52.56 (-2.88%)

Transcript

Operator

Hello, and welcome to the Edenred Q3 2023 Revenue Call. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to Julien Tanguy, CFO, to begin today's conference. Please go ahead.

Julien Tanguy

Edenred SE - EVP of Finance

Good morning. I'm pleased to welcome you to the Edenred Q3 2023 call. I propose we move to Page 2 to the executive summary, what do we have to keep in mind for the first 9 months of 2023.

So this quarter is another buoyant quarter confirming the strong growth momentum of the last few quarters and the increasing contribution from other revenue. It is the sixth consecutive quarter of growth above 20% for Edenred total revenue. In Q3 2023, total revenue stands at EUR 634 million, up 25.3% as reported and a 23.7% like-for-like. Q3 2023 operating revenue standing at EUR 575 million, up 19% as reported and other revenue of EUR 59 million in Q3, up from EUR 23 million in Q3 2022 as a result of float increase and higher interest rates in most regions. Year-to-date, total revenue stands at EUR 1.8

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