Sees FY EBITDA 1.23-1.3 bln eur vs 1.094 bln in 2023 (Il Sole 24 Ore Radiocor) - Paris, 23 Jul - The French digital platform for services and payments Edenred said that its first half total revenue rose a reported 18.5% to 1.395 billion euros including a 3.7% positive scope effect mostly thanks to the acquisition of Reward Gateway offset by a negative 3.6% currency impact.

On a like-for-like basis, total revenue was up 18.3%. In the second quarter, it was up a reported 15.8% and a comparable 16.3% with a positive 2.3% scope effect and a negative 2.8% forex headwind.

Operating revenue amounted rose a reported 16% and a like for like 15.4% to 1.271 billion with a positive 3.9% scope effect and 3.3% adverse currency impact.Second-quarter operating revenue totaled 646 million, up 13.5%3 as reported and up 14.0% like-for-like.

EBITDA came to 597 million, up 23.7% as reported and up 26.2% like-for-like with a margin of 42.8%, up 1.8 percentage points as reported and 2.7 percentage points like-for-like.

Net profit totaled 235 million euros, up 16.3%, mostly driven by EBITDA growth during the first half of the year.

In 2024, Edenred expects to generate an EBITDA of between 1.23-1.3 billion euros compared with 1.094 billion in 2023 and is confirmed its ambition to achieve total revenue of more than 5 billion euros by 2030.

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(RADIOCOR) 23-07-24 08:01:44 (0094) 5 NNNN