Edenred: new targets for 2019-2022
(CercleFinance.com) - Edenred has provided three new annual financial targets for 2019-2022, including organic growth of over 8% for operating revenue and 10% for EBITDA, as well as an FCF/EBITDA conversion rate of over 65%.
Ahead of its CMD today in London, the service group unveils "Next Frontier," a new strategic plan for 2019-2022 aimed at "unlocking the full potential of a unique platform model to generate further profitable and sustainable growth."
It intends to spend between 6% and 7% of its total revenue each year on investments over the period, and provides for a "New capital allocation policy in line with the Group's growth strategy, with the introduction of a progressive dividend".
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