Edenred SE (OTCPK:EDNMF)

$ 36.35 0 (0%) Market Cap: 7.49 Bil Enterprise Value: 9.49 Bil PE Ratio: 26.15 PB Ratio: 0 GF Score: 80/100

Q1 2020 Edenred SA Corporate Sales Call Transcript

Apr 23, 2020 / 06:30AM GMT

Release Date Price: $39.69

Transcript

Operator

Ladies and gentlemen, welcome to the Edenred Q1 2020 Revenue Conference Call. I now hand over to Mr. Bertrand Dumazy, Chairman and CEO. Sir, please go ahead.

Bertrand Dumazy

Edenred SA - Chairman & CEO

Yes, good morning. Bertrand Dumazy speaking. Thank you for being with us to comment the results of our Q1 performance.

I propose that we move to Slide 2 of your slide show.

The 3 ideas I want to share with you are the following ones. First of all, we are highly committed to supporting our ecosystem through the consequences of the COVID-19, and we have 5 priorities. Priority #1 is to protect our employees. Priority #2 is to ensure seamless business continuity. Priority #3 is to swiftly design innovative specific-purpose payment solutions. Priority #4 is to respond fast with the launch of EUR 100 million savings plan and a downward revision of our 2020 CapEx. And Priority #5 is to launch our More than Ever relief plan with multiple initiatives already live worldwide.

The second thing I want to share with you is our Q1 2020. We

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