This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Edenred: Sustained Growth In The Third Quarter

Stocks in this article: EDEN

PARIS, October 17, 2011 /PRNewswire/ --

•  Issue volume for the first nine months up 9.7%, including a 9.1% increase in the third quarter

- Strong momentum in Latin America

- Modest increase in Europe

•  Revenue for the first nine months up 10.3%, led by an 11.3% gain in the third quarter

- Strong rise in operating revenue, in line with issue volume growth

- Sharply higher financial revenue

•  Annual targets confirmed:

- 6% to 14% like-for-like growth in issue volume

- EBIT of €340 million to €360 million

(All growth rates are on a like-for-like basis)

 
                         2010 (9 months)
    (in EUR millions)                    2011 (9 months)      % change
                                                         (reported) (L/L[1])
    Issue volume              9,843          10,844          10.2%      9.7%
    Operating revenue           629             678           7.8%      9.6%
    Financial revenue            58              68          18.2%     17.9%
    Total revenue               687             746           8.6%     10.3%

ISSUE VOLUME FOR THE FIRST NINE MONTHS UP 9.7% LIKE-FOR-LIKE

Issue volume for the first nine months of 2011 amounted to €10,844 million, up 9.7%  like-for-like. The reported increase was 10.2%, reflecting the 0.8% positive effect of changes in consolidation scope and the 0.3% negative currency effect for the period.

- Issue volume by region

                                                           9 months
 
    (in EUR millions)   Q1 2011     Q2 2011     Q3 2011      2011
    Europe               1,807       1,848       1,624       5,280
    Latin America        1,628       1,742       1,836       5,206
    Rest of the world      119         120         120         359
    TOTAL                3,554       3,710       3,580      10,844

- Issue volume growth by region

                                                              9 months
    Like-for-like issue
    volume growth          Q1 2011     Q2 2011     Q3 2011      2011
    Europe                  -0.3%       +1.4%       -1.3%        0.0%
    Latin America          +20.5%      +21.5%      +19.4%      +20.5%
    Rest of the world      +23.1%      +17.1%      +23.8%      +21.2%
    TOTAL                   +9.0%      +10.9%       +9.1%       +9.7%

Like-for-like issue volume growth remained strong in the third quarter, reflecting:

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,422.50 +35.29 0.20%
S&P 500 2,024.92 -4.63 -0.23%
NASDAQ 4,682.33 +0.8330 0.02%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs