UPDATE 1- French company Edenred eyes record 2019 profits after strong first-half [Reuters]
EDENRED SA UNSP/ADR (EDNMY)
NASDAQ:AMEX Investor Relations:
edenred.com/en/investors-shareholders
Company Research
Source: Reuters
French company Edenred eyes record 2019 profits after strong first-half - Reuters 3 Min Read PARIS (Reuters) - French pre-paid meal vouchers and card provider Edenred ( EDEN.PA ) predicted a further rise in operating profit which should reach a new record level in 2019, after posting strong first half results. Edenred, which helps companies manage staff expenses and benefits and is known for its ‘Ticket Restaurant’ vouchers, expected the second half of the year to mirror the first-half, which saw double-digit revenue growth in all business lines and regions. The group said it will also benefit from the integration and ramp-up of recent acquisitions and partnerships and a pick-up in the Brazilian economy if a pension reform passes by end-Summer. “We are confident in our ability to deliver profitable and sustainable growth. We are well on track to deliver a record year,” Chairman and CEO Bertrand Dumazy told a conference call. Edenred said total EBIT (earnings before interest and tax)
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