Results for the first half of 2019
23 de July, 2019
Continued double-digit growth in all business lines and a sharp increase in profits
| Double-digit growth in first-half profits, as reported and like-for-like:
– Total revenue up 14.6% like-for-like and up 16.8% as reported to 777€ million – EBITDA up 14.6% like-for-like and up 23.0% as reported to 310€ million – Net profit, Group share up 17.9% to 146€ million *** Like-for-like, Edenred’s first-half performance exceeds target increases: – Operating Revenue: 14.4% increase( annualtarget : over 7%) – Operating EBIT: 14.9% increase( annualtarget: above 9%) – Funds from Operations (FFO): 22.8% increase( annualtarget : above 10%) *** Confident about the outlook for the second half of the year, Edenred expects a record EBIT of between 520 million euros and 550 million euros for the whole of 2019, compared to 461 million euros in 2018.
|