Edenred joins the CAC 40

Edenred, a leading digital platform for services and payments and the everyday companion for people at work, is joining the CAC 40, the Paris stock exchange’s benchmark index. The decision was made by Euronext Paris’ Expert Indices Committee, with effect from June 19, 2023.

Edenred’s inclusion in the CAC 40 index is recognition of the Group’s stock market performance since its IPO, on July 2, 2010, as part of the demerger of the Accor group’s Services business. After radically disrupting its business model, Edenred has today become the everyday platform for people at work, operating in 45 countries. This transformation has resulted in sustainable and profitable growth, enabling Edenred to reach new scale, with its main business and financial indicators (total revenue, EBITDA, net profit, free cash flow) doubling between 2016 and 2022. Over the same period, its market capitalization has more than tripled, from €4.4 billion at the end of 2015 to €15.2 billion on June 8, 2023.

Edenred has also made ESG a core component of its development. This commitment is reflected in the Group’s CSR policy, “Ideal”, which was launched in 2017, as well as in the positive impact that Edenred’s solutions have on user behavior, in particular by providing access to healthy food and sustainable mobility.

Edenred’s inclusion in the CAC 40 comes just a few months after the October 2022 launch of its Beyond_22-25 strategy. Through this plan, Edenred has set itself even more ambitious financial targets than in its previous plan, with a commitment to generate annual like-for-like EBITDA growth of more than 12% and an annual free-cash-flow/EBITDA conversion rate of more than 70%. ESG is also embedded deeply in Beyond_22-25, with stronger extra-financial commitments including reaching net zero carbon by 2050, in line with SBTi targets¹.

Based on this plan, Edenred believes that it can reasonably aim for total revenue of around €5 billion by 2030, through a combination of organic growth and acquisitions. The strong performance recorded since the presentation of Beyond_22-25, as well as the recent acquisition of Reward Gateway, support the Group’s ambitions. As proof, the Group’s share price has risen by over 20% since the announcement, reflecting market confidence in Edenred’s continued trajectory of sustainable and profitable growth.