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

Q3 2021 Edenred SE Corporate Sales Call Transcript

Oct 21, 2021 / 06:30AM GMT

Release Date Price: $54.48

Transcript

Operator

Ladies and gentlemen, welcome to the Edenred 2021 Q3 Revenue Conference Call. I now hand over to Mr. Julien Tanguy, CFO. Sir, please go ahead.

Julien Tanguy

Edenred SA - EVP of Finance

Thank you very much. Good morning, everybody. I'm happy to be with you today to comment on the Q3 2021 revenue of Edenred.

I propose that we move to Page 2 of the presentation. So thanks to a strong performance in Q3 2021, Edenred is now aiming for 2021 EBITDA in the upper half of the target range. Three key messages for these introductions. First, Edenred delivered strong sales performance, leveraging its distribution and innovation capabilities to further scale its business and improve customer experience. Our Q3 2021 operating revenue stands at EUR 393 million, i.e., 30% like-for-like growth, both versus Q3 2020 and versus Q3 2019. We compare 2021 to 2019 as 2019 is the pre-COVID recurrence year. Growth rates accelerate versus 2019 in all regions in Q3 2021 after an already good H1 2021. We delivered double-digit organic growth in Q3 2021 versus Q3 2019 in all

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