Edenred SE (OTC:EDNMF) Q1 2025 Sales/Trading Statement Call April 16, 2025 2:30 AM ET
Company Participants
Bertrand Dumazy – Chairman and CEO
Cedric Appert – IR
Conference Call Participants
Andre Juillard – Deutsche Bank
Ed Young – Morgan Stanley
Justin Forsythe – UBS
Pravin Gondhale – Barclays
Simona Sarli – Bank of America
Josh Levin – Autonomous Research
Hannes Leitner – Jefferies
Operator
Hello, and welcome to Edenred Q1 2025 Revenue Conference Call. My name is Rushdie, and I’ll be your coordinator for today’s event. Please note that this call is being recorded. [Operator Instructions] I will now hand you over to your host, Mr. Bertrand Dumazy, to begin today’s conference. Please go ahead.
Bertrand Dumazy
Good morning. I am Bertrand Dumazy, the Chairman and CEO of Edenred. I’m surrounded by our IR Officer, Cedric Appert, but also Patrick Bataillard, our Interim CFO till June 2 of this year. Thank you for being with us today for me to share the Edenred Q1 2025 Revenue Presentation. We will be together for the next 60 minutes. I will start with the presentation. You should have the slides, and then I will be more than happy to answer any questions you may have.
I propose that we move to Slide 2. In the executive summary what are the main messages of our Q1 publication. First of all, we delivered top line growth, in-line with our expectation despite a tougher macro environment, especially in Europe. The operating revenue is up 7.1% like-for-like, driven by a good performance in Latin America and in Mobility, but also by our Beyond Food and Beyond Fuel digital services.
The second message is, in fact, we continue to deploy our Beyond strategy, and it gives us an advantage based on this very unique platform serving millions of users, 60 million of them
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