Edenred: confident in its 2021 EBITDA target
(CercleFinance.com) - At a trading update, Edenred said that it is confident in its ability to achieve the top half of its 2021 EBITDA target range (between 620 to 670 million euros), provided that there are no major new restrictions related to the health crisis.
The group also reiterates its Next Frontier targets for 2022, which include annual organic growth of over 8% in operating revenue and 10% for EBITDA, as well as an annual free cash flow/EBITDA conversion rate of more than 65%.
Over the first nine months of the year, the prepaid service group's operating revenue reached 1.13 billion euros, with organic growth of 14.4% compared to 2020 (+10.7% as reported) and 11% compared to 2019.
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The group also reiterates its Next Frontier targets for 2022, which include annual organic growth of over 8% in operating revenue and 10% for EBITDA, as well as an annual free cash flow/EBITDA conversion rate of more than 65%.
Over the first nine months of the year, the prepaid service group's operating revenue reached 1.13 billion euros, with organic growth of 14.4% compared to 2020 (+10.7% as reported) and 11% compared to 2019.
Copyright (c) 2021 CercleFinance.com. All rights reserved.