PARIS, July 24 (Reuters) – French prepaid meal voucher and
card provider group Edenred predicted a further rise
in full year 2018 operating profits, saying it would continue to
deliver strong growth in the second half of the year in Europe
Edenred, which helps firms manage staff expenses and is best
known for its “Ticket Restaurant” vouchers, said earnings before
interest and tax (EBIT) reached 215 million euros ($251 million)
in the first half, a like-for-like rise of 14 percent, excluding
currency impacts, acquisitions and divestments.
It also forecast EBIT between 440 million euros and 470
million euros this year, against 429 million euros in 2017.
The forecast compares with average market expectations of
456 million euros for full year EBIT, ThomsonReuters I/B/E/S
($1 = 0.8562 euros)
(Reporting by Dominique Vidalon;
Editing by Sudip Kar-Gupta)