Jacques Stern, Chief Executive Officer of Edenred, said:
"Fifty years after the invention of the Ticket Restaurant
meal voucher, Edenred today offers a wide range of solutions that make employees' lives easier and improve the efficiency of organizations.
We are the world leader in corporate prepaid services, with operations in emerging markets as well as in developed countries.
"Our ambition is to become the referent partner for clients, affiliates, beneficiaries and public institutions.
Driven by this ambition, we are focusing on building differentiated solutions and delivering high quality service by listening to our stakeholders in order to better understand their needs.
"In this way, the Group will enjoy strong, steady growth over the long term
CREATING AND ROLLING OUT SOLUTIONS IN THE PREPAID MARKET
Edenred is today positioned as the world leader in prepaid
services market, which estimated size is €121 billion. In 2010, Edenred generated €13.9 billion, offering three types of solutions:
- Employee benefits (87% of issue volume)
- Expense management (8% of issue volume)
- Incentive and rewards (3% of issue volume)
The Group also develops solutions for
(1% of issue volume), a market that represents approximately €116 billion.
The strategy for developing the offer
in the years ahead will focus on corporate and government solutions and
will target four key priorities:
A. Strengthening the Group's leadership in Employee Benefits
This priority relates not only to emerging markets, where governments are developing social policies that more effectively share the benefits of growth, but also to developed countries, where businesses and governments are looking to meet more specific needs in such areas as childcare, transportation, cultural and sports activities and the environment.