France · Delayed Price · Currency is EUR Edenred SE Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong 2025 financial results, ongoing diversification, and the launch of the Amplify strategic plan focused on user growth and AI transformation. Regulatory changes in key markets and competitive pressures were addressed, with all resolutions, including a 10% dividend increase, approved by shareholders.
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Q1 2026 saw 3.1% like-for-like revenue growth, with strong underlying momentum (8.2% like-for-like) despite regulatory headwinds in Italy and Brazil. Mobility and digital wallet segments posted double-digit growth, and full-year guidance is confirmed, with strategic investments in AI and data ongoing.
Fiscal Year 2025
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Delivered record 2025 results with double-digit EBITDA growth, strong cash flow, and margin expansion. 2026 will be a rebasing year due to regulatory headwinds, but intrinsic growth and profitability are expected to resume in 2027, supported by ongoing investments in digital and AI.
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The group unveiled its Amplify 2025-2028 plan, targeting over EUR 5 billion revenue by 2030 through a three-pillar strategy: Attract, Enrich, and Activate. Key growth drivers include digitalization, AI, cross-sell, upsell, and new services, with EBITDA growth of 8%-12% targeted after a 2026 investment phase.
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Q3 2025 saw robust top-line growth, with operating revenue up 8.2% like-for-like and strong performances across all business lines and geographies. Full-year guidance is reaffirmed, despite regulatory headwinds in Italy and ongoing FX impacts.
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Delivered strong H1 2025 results with 7.1% like-for-like revenue growth and 14.4% EBITDA growth, confirming 2025 targets despite regulatory headwinds in Italy. Mobility and Benefits & Engagement segments drove performance, while Complementary Solutions faced planned declines.
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The AGM highlighted strong financial growth, a 10% dividend increase, and successful execution of the strategic plan, despite regulatory and market challenges. All resolutions, including director appointments and compensation policies, were approved by a high quorum.
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Q1 2025 saw 7.1% like-for-like operating revenue growth, led by Latin America and mobility, with digital services accelerating. Full-year guidance for at least 10% EBITDA growth and 70%+ cash conversion is confirmed, despite macro headwinds and regulatory changes.
Fiscal Year 2024
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2024 saw double-digit revenue and EBITDA growth, record EPS, and increased shareholder returns, with strong performance across segments and geographies. 2025 guidance targets over 10% EBITDA growth despite headwinds from Italy and lower interest rates.
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Entering 2025 significantly stronger, the group reaffirms double-digit EBITDA growth guidance, driven by a larger digital platform, diversified recurring revenue, and robust client acquisition. Capital allocation shifts to focus on bolt-on M&A, extended share buybacks, and continued margin expansion, despite regulatory headwinds in Italy and France.
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Double-digit revenue and EBITDA growth continued in Q3 2024, with strong performance in core and Beyond segments despite macroeconomic headwinds. 2024 guidance is confirmed, and 2025 outlook remains robust even under potential Italian regulatory risks.
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H1 2024 delivered strong double-digit growth in revenue, EBITDA, and net profit, driven by robust performance in benefits, engagement, and mobility across all regions. Strategic acquisitions and digitalization initiatives fueled expansion, while guidance for 2024 and 2025 remains positive with continued margin and cash flow improvements.