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Edenred: 21% increase in Q1 total revenues

( - For Q1 2024, Edenred has announced total revenues of E685m, up 21.
4% (+20.5% on a comparable basis), including operating revenues of E625m, up 18.8% (+16.9% on a comparable basis).

The employee benefits and mobility business lines are once again posting double-digit organic growth, the payment solutions group highlights, underlining its ability to increase penetration of its markets, particularly the SME segment.

Confident that it will maintain a sustained pace of growth, Edenred confirms the targets of its Beyond 22-25 plan for 2024, i.e. organic EBITDA growth of over 12% and a FCF/EBITDA conversion rate of over 70%.

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