UPDATE 2-'Virtual canteen' delivers for meal vouchers firm Edenred [Reuters]
EDENRED SA UNSP/ADR (EDNMY)
NASDAQ:AMEX Investor Relations:
edenred.com/en/investors-shareholders
Company Research
Source: Reuters
Oct 21 (Reuters) - Edenred sees full-year core profits in the top half of its guidance range as more employers switch to its digital vouchers that allow workers to have meals delivered at home. As more companies allow staff to work at least some of the time remotely due to the COVID-19 pandemic, they are also looking for new ways to deliver benefits, such as meal vouchers. Edenred said on Thursday strong demand for its “virtual canteen” and new client wins helped it beat third-quarter operating revenue forecasts. The French company, which also has payment solutions and gift vouchers businesses, benefited from users spending funds accumulated during lockdowns as well. “We are signing more and more agreements, we have more than 160 hundred meal delivery platforms connected to our platform,” finance chief Julien Tanguy said on a call with analysts. Edenred, known for its “Ticket Restaurant” vouchers, said digital solutions now account for 86% of its business volume. It poste
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