EBIT up 11.2% like-for-like to €355 million, at the high end of the €340-360 million target rangeOperating EBIT (which excludes financial revenue) rose by a strong 9.9% like-for-like in 2011 to €263 million. Underpinning this good performance, the operating flow-through ratio [ 14] stripped out from the extra costs generated by the digital transition  stood at 47%, in line with the Group's objective of 40% to 50%.
Edenred : Sharp Increase In 2011 Financial Results
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