Edenred, the digital services and payments platform that supports players in the working world on a daily basis, has entered the CAC 40, the flagship index of the Paris Stock Exchange. This decision of the Scientific Council of the Euronext Paris Indices will be effective as of June 19, 2023.
Edenred’s inclusion in the CAC 40 index reflects the Group’s stock market history since its creation and initial public offering when the Accor group’s Services activities were split on July 2, 2010. Edenred has in fact operated a profound disruption of its economic model and has become the daily platform for players in the world of work, present in 45 countries. This transformation has resulted in profitable and sustainable growth, allowing Edenred to reach another dimension, since Edenred’s main economic and financial indicators have doubled between 2016 and 2022 (total revenue, EBITDA, net income, free cash -flow). Over this same period, its market capitalization more than tripled, rising from 4.4 billion euros at the end of 2015 to 15.2 billion euros on June 8, 2023.
Edenred has also placed the ESG commitment at the heart of its development. This commitment is reflected in the Group’s CSR policy, launched in 2017 and called “Ideal”, as well as in the positive impact that the solutions offered by Edenred have on the behavior of their users, in particular by allowing access to healthy and sustainable mobility.
Edenred’s entry into the CAC 40 comes a few months after the launch of its Beyond strategic plan
22-25
unveiled in October 2022. Through this plan, Edenred has set itself even more ambitious financial objectives than those of its previous plan, with the commitment to generate annual organic EBITDA growth of more than +12% and a annual Free-cash-flow / EBITDA conversion rate above 70%. ESG is also at the heart of the Beyond plan
22-25
with a strengthening of Edenred’s extra-financial commitments, in particular that of being net zero carbon by 2050, according to the SBTi standard
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.
On the basis of this plan, Edenred believes that it can reasonably aim for total revenue of around €5 billion by 2030, by combining organic growth and external growth. The good performance recorded since the presentation of its Beyond plan
22-25
as well as the recent acquisition of Reward Gateway confirm the Group in its ambitions. And since that date, the increase of more than 20% in its share price reflects the confidence of the financial markets in the pursuit of its trajectory of profitable and sustainable growth.
Bertrand Dumazy, Chairman and CEO of Edenred, said
: “
We are proud to join the CAC 40, a milestone in Edenred’s history, a few months after our inclusion in the CAC 40 ESG index. I would like to extend my warmest thanks to Edenred’s 12,000 employees, without whom none of what was achieved would have been possible. This integration confirms the Group’s successful transformation. By connecting 52 million users to two million merchants through nearly one million corporate clients, Edenred has established itself as the day-to-day platform for players in the world of work. Our arrow money solutions, 100% digitized and easy to use, provide concrete and relevant answers to the needs of our customers. In a context of changes in work habits, problems of employee commitment, the search for better control of the costs of managing vehicle fleets, their attractiveness is reinforced.
And because it reflects both the level of our stock market valuation and the liquidity of our stock, this inclusion in the CAC 40 also demonstrates investors’ confidence in our Beyond 22-25 strategic plan and our prospects for generating profitable and sustainable growth.”
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About Edenred
Edenred
is the digital services and payments platform that supports players in the world of work on a daily basis. It connects, in 45 countries, 52 million users to 2 million partner merchants through nearly 1 million corporate clients.
Edenred offers payment solutions for specific uses dedicated to food (such as meal vouchers), motivation (such as gift cards, employee engagement platforms), mobility (such as multi-energy solutions, maintenance, tolls, parking and mobility) and business payments (such as virtual cards).
True to the Group’s raison d’être, “Enrich connections. For good. », these solutions improve the well-being and purchasing power of users. They enhance the attractiveness and efficiency of businesses, and vitalize employment and the local economy. They also promote access to healthier food, more environmentally friendly products and smoother mobility.
Edenred’s 12,000 employees are committed on a daily basis to making the world of work a more efficient, safer and more responsible connected world.
In 2022, thanks to its global technological assets, the Group managed a business volume of approximately 38 billion euros achieved mainly through mobile applications, online platforms and cards.
Listed on Euronext Paris, Edenred is part of the CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe indices.
The trademarks and logos mentioned and used in this press release are trademarks registered by EDENRED SE, its subsidiaries or third parties. They may not be used commercially without the written consent of their owner.
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CONTACTS
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Communications management Emmanuelle Chatelain +33 (0)1 86 67 24 36 [email protected] Press relations Matthew Santalucia +33 (0)1 86 67 22 63 |
Investor Relations Cedric Appert +33 (0)1 86 67 24 99 Baptist Fournier +33 (0)1 86 67 20 73 |
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Science-Based Targets initiative
on scopes 1, 2 and 3A
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