Edenred SE (OTCPK:EDNMY)
$ 16.5 0.01 (0.06%) Market Cap: 8.02 Bil Enterprise Value: 9.89 Bil PE Ratio: 26.83 PB Ratio: 0 GF Score: 75/100

Half Year 2019 Edenred SA Earnings Call Transcript

Jul 23, 2019 / 07:00AM GMT
Release Date Price: $25.75 (+1.26%)
Operator

Ladies and gentlemen, welcome to the Edenred H1 2019 Results Conference Call. I now hand over to Mr. Bertrand Dumazy, Chairman and CEO. Sir, please go ahead.

Bertrand Dumazy
Edenred SA - Chairman & CEO

Yes. Good morning, everybody. Thank you for being connected to Edenred H1 Results Conference. I'm here with you. Sitting right next to me, Patrick Bataillard, who is the CFO of the Edenred Group, and we are together for the next 60 minutes.

We will start with a presentation that you received for about 40 minutes. I propose that we move to Page 2, which is called the Executive Summary. What are the pricings we would like you to remember about H1? First of all, we had a strong double-digit growth in H1 2019 with a total revenue of EUR 777 million, which means a reported growth of almost 17% and almost 15% in like-for-like. The double-digit operating revenue growth was achieved in all regions and all business lines, which in fact is a follow-up of a 2018 record year. In H1 2019, we had a positive scope effect of 4.4%, thanks to the contribution of the

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