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First-Quarter 2018 Revenue

uploaded on 19 April 2018

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First-Quarter 2018 Revenue

Sustained growth across all businesses in both Europe and Latin America, in line with 2017.

Total income (formerly total revenue) up 12.1% like-for-like to €332 million:

  • Sharp rise in operating revenue, slightly dampened by the decline in other operating income (formerly financial revenue) linked to low interest rates in Europe
  • Reported total income (formerly total revenue) impacted by negative 11.9% currency effects and positive 1.2% scope effects

13.8% like-for-like rise in operating revenue, consistent with full-year 2017 trends:

  • Robust business in both Europe and Latin America, and gradual improvement in the Employee Benefits business in Brazil
  • First effects of the integration and of the new growth strategy of UTA, in the Fleet & Mobility Solutions business
  • Good progress in the Fast Forward strategic plan, with increased penetration of the SME market and opportunities created by the digital transition

Favorable outcome regarding the reclassification of Brazilian funds (March 2018):

The Brazilian Central Bank decided not to include Employee Benefits funds in its restricted cash regulation. Inclusion of the funds would have entailed their reclassification in 2018.

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “The Group has begun 2018 with sustained organic growth, in line with our prior-year performance. Thanks to our increasingly digital Employee Benefits solutions, we are continuing to enhance our offering with innovative applications based in particular on new payment solutions. We are also pushing ahead with our drive to expand our sales footprint in the SME segment, which lifted organic Employee Benefits growth into the double digits during the quarter. Fleet & Mobility Solutions remain a major growth driver for the Group, both in Latin America and in Europe, where UTA continues to expand its geographic footprint and enhance its range of products and services.”

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