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April 22 (Reuters) - Edenred beat first-quarter revenue expectations on Thursday, as the French provider of vouchers and cards returned to organic growth across all regions.
Edenred confirmed its 2021 guidance for 6% growth in organic core profit and reported first-quarter organic revenue of 373 million euros ($449 million), topping the 366 million forecast by analysts.
“We demonstrated our capacity to leverage our digital platform - in which we have invested between 250 million and 300 million euros,” CEO Bertrand Dumazy said on a call with analysts.
Known for its prepaid Ticket Restaurant meal vouchers, Edenred has been shifting to online platforms and home deliveries during lockdowns.
France s Edenred returns to organic growth with Q1 beat
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