Half Year 2023 Edenred SE Earnings Call Transcript
Hello, and welcome to the Edenred Half Year Results Conference Call. My name is Sharon, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)
I will now hand you over to your host, Mr. Bertrand Dumazy, CEO; and Mr. Julien Tanguy, CFO, to begin today's conference. Thank you.
Good morning, everybody. Bertrand Dumazy speaking. With Julien, we are happy to share with you the results of H1 2023 for Edenred. If we move to Page 2 of the presentation, is the executive summary.
First of all, Edenred confirms the strong momentum of the last few semesters, because we grew our revenue in H1 2023 by 26% and 25.5% like-for-like. Our level of EBITDA is at EUR 483 million, which is a growth of 32.5% as reported and 35.2% like-for-like. We also improved our EBITDA margin moving up to 41.5%, which is 310 basis points up like-for-like versus the first semester of 2022.
As you know, cash is king. So we are able to post a strong cash generation
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