Edenred: 68% hike in half-yearly net results.
(CercleFinance.com) - Edenred publishes a group share of net income for the first half of 2017 up by 68.
2% to 120 million euros, and EBIT growth of 24.6% to 201 million, of which operating EBIT is 167 million and financial EBIT 34 million.
The prepaid services supplier's total revenue comes to 650 million euros, up 23.7% (+8.2% on a comparable basis), reflecting the positive effects of changes in the consolidation scope (+12.2%) and exchange rates (+3.3%).
Confident in its prospects for the second half of the fiscal year, Edered's management expects EBIT of between 420 and 445 million euros for the year 2017, compared with 370 million in 2016.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
2% to 120 million euros, and EBIT growth of 24.6% to 201 million, of which operating EBIT is 167 million and financial EBIT 34 million.
The prepaid services supplier's total revenue comes to 650 million euros, up 23.7% (+8.2% on a comparable basis), reflecting the positive effects of changes in the consolidation scope (+12.2%) and exchange rates (+3.3%).
Confident in its prospects for the second half of the fiscal year, Edered's management expects EBIT of between 420 and 445 million euros for the year 2017, compared with 370 million in 2016.
Copyright (c) 2017 CercleFinance.com. All rights reserved.