Edenred: H1 net income up 18%
(CercleFinance.com) - Edenred has published H1 2019 net income group share that is up 17.
9% at 146 million euros, with a 14.6% like-for-like increase in EBITDA and a 23% rise as reported, to 310 million euros.
The prepaid service group's total revenue increased by 14.6% on a like-for-like basis and by 16.8% as reported to 777 million euros, including a 14.4% increase in operating revenue, 4% (against a FY target of over 7%).
Confident in its outlook for the second half of 2019, Edenred expects record EBIT of between 520 million and 550 million euros over FY 2019, against 461 million euros in 2018.
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9% at 146 million euros, with a 14.6% like-for-like increase in EBITDA and a 23% rise as reported, to 310 million euros.
The prepaid service group's total revenue increased by 14.6% on a like-for-like basis and by 16.8% as reported to 777 million euros, including a 14.4% increase in operating revenue, 4% (against a FY target of over 7%).
Confident in its outlook for the second half of 2019, Edenred expects record EBIT of between 520 million and 550 million euros over FY 2019, against 461 million euros in 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.