Edenred Full Year 2024 Earnings: In Line With Expectations

Edenred (EPA:EDEN) Full Year 2024 Results

Key Financial Results

• Revenue: €2.61b (up 13% from FY 2023).
• Net income: €507.0m (up 90% from FY 2023).
• Profit margin: 19% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €2.07 (up from €1.07 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Edenred Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Europe (Excl. France) segment contributing a total revenue of €1.22b (47% of total revenue). Notably, cost of sales worth €1.53b amounted to 59% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €286.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how EDEN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in France.

Performance of the French Diversified Financial industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Edenred (1 is a bit concerning!) that you need to be mindful of.

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