Edenred designs and delivers services to clients, companies or public sectors, enabling them to offer beneficiaries additional purpose-directed purchasing power, such as the Ticket Restaurant® meal voucher, and provides prepaid corporate services. Co.'s product offering ensures that allocated funds are used as intended, allowing its clients to manage: Employee benefits (Ticket Restaurant®, Ticket Alimentacion®, Ticket CESU, Childcare Vouchers®, etc.); Expense management process (Ticket Car®, Ticket Clean way®, Repom®, etc.); and Incentive and rewards programs (Ticket Compliments®, Ticket Kadeos®, etc.). Co. also supports public institutions in managing their social benefits programs.
  • TickerEDEN
  • ISINFR0010908533
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Analysts

1 director sold

A director at Edenred sold 75,000 shares at 42.671EUR and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2019

Indices’ current momentum, which is largely due to the outperformance from cyclical stocks, seem to us to reflect 1/ a strong market expectations, namely the conclusion of an ambitious US-China trade agreement in early May and 2/ the belief in a re-acceleration of the US cycle. Our economists do not buy this possibility and instead see signs of a moderate slowdown. If this is confirmed by the US figures published on 26 April, European equities may have their say. Indeed, the turning ...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/04/2019

La dynamique actuelle des indices, qui tient beaucoup à la surperformance des valeurs cycliques, nous semble refléter 1/ une attente forte du marché à savoir la conclusion d’un accord commercial ambitieux sino-américain début mai et 2/ la croyance en une réaccélération du cycle outre-Atlantique. Nos économistes n’achètent pas cette possibilité et entrevoient plutôt les signes d’un ralentissement modéré. Si celui-ci est confirmé par la publication des chiffres US le 26 avril prochain l...

Michael Field

Increasing Our Edenred FVE to EUR 31 on the Back of Structurally Higher Growth

Wide-moat Edenred produced a strong first-quarter trading update, with like-for-like revenue up a whopping 14% year over year. The growth was broad-based across the three business lines, with the company having done an excellent job over the last few years in building and integrating a network of ancillary businesses, such as fleet solutions, that together now generate one third of group revenue and have lifted the top-line growth rate of the group. While we were positive on the transition throu...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/18/2019

...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2019

Indices’ current momentum, which is largely due to the outperformance from cyclical stocks, seem to us to reflect 1/ a strong market expectations, namely the conclusion of an ambitious US-China trade agreement in early May and 2/ the belief in a re-acceleration of the US cycle. Our economists do not buy this possibility and instead see signs of a moderate slowdown. If this is confirmed by the US figures published on 26 April, European equities may have their say. Indeed, the turning ...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/04/2019

La dynamique actuelle des indices, qui tient beaucoup à la surperformance des valeurs cycliques, nous semble refléter 1/ une attente forte du marché à savoir la conclusion d’un accord commercial ambitieux sino-américain début mai et 2/ la croyance en une réaccélération du cycle outre-Atlantique. Nos économistes n’achètent pas cette possibilité et entrevoient plutôt les signes d’un ralentissement modéré. Si celui-ci est confirmé par la publication des chiffres US le 26 avril prochain l...

Michael Field

Increasing Our Edenred FVE to EUR 31 on the Back of Structurally Higher Growth

Wide-moat Edenred produced a strong first-quarter trading update, with like-for-like revenue up a whopping 14% year over year. The growth was broad-based across the three business lines, with the company having done an excellent job over the last few years in building and integrating a network of ancillary businesses, such as fleet solutions, that together now generate one third of group revenue and have lifted the top-line growth rate of the group. While we were positive on the transition throu...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/18/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/04/2019

...

1 director sold

A director at Edenred sold 75,000 shares at 42.671EUR and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Ahmed Ben Salem ...
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Valentin Pernet
  • Veysel Taze
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/14/2018

...

Ahmed Ben Salem ...
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Valentin Pernet
  • Veysel Taze
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/12/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

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