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

Half Year 2021 Edenred SA Earnings Call Transcript

Jul 27, 2021 / 06:30AM GMT
Release Date Price: $60.58
Operator

Ladies and gentlemen, welcome to the Edenred 2021 Half Year Results Conference Call. I will now hand over to Mr. Bertrand Dumazy, Chairman and CEO. Sir, please go ahead.

Bertrand Dumazy
Edenred SA - Chairman & CEO

Thank you. Good morning, everybody. Thanks for being with us to discuss about the 2021 half year results for Edenred.

I propose that we move to Page 2 of the executive summary. So what do you need to know about those results? First of all, Edenred has been able to deliver close to 10% like-for-like operating revenue growth versus 2019. So it is fair to say that Edenred has much more than recovered the ground lost in H1 2020.

In number versus Q2 2020, we are up almost 31% like-for-like, which means more than 20% growth across all regions. Versus H1 2020, we are up 15.3% like-for-like, meaning a double-digit growth across all regions and business lines. And more importantly, as compared to H1 2019, we are up 10% like-for-like, and it is to be noted that we have some areas still lagging behind due to the COVID situation, notably

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