(RTTNews) – Edenred SE (EDNMF), a digital companies and funds platform, Tuesday reported that its earnings surged in fiscal 2024. Additional, the corporate proposed a ten% enhance in dividend and reaffirmed the 2025 outlook.
For the total 12 months, internet revenue surged to EUR 507 million from EUR 267 million within the earlier 12 months.
Earnings per share elevated to EUR 2.07 versus EUR 1.71 final 12 months.
Adjusted revenue remained at EUR 507 million, in comparison with EUR 425 million final 12 months.
EBIT additionally was increased at EUR 1.04 billion from EUR 901 million final 12 months.
EBITDA elevated to EUR 1.27 billion from 1.09 billion a 12 months in the past.
Funds from operations earlier than revenue and bills elevated by 19.2 p.c at EUR 870 million.
Working income rose to EUR 2.60 billion from EUR 2.34 billion final 12 months.
Income elevated to EUR 2.86 billion from EUR 2.55 billion within the earlier 12 months.
For the fourth quarter, income elevated by 7.5 p.c year-over-year to EUR 770 million.
Working income additionally rose by 8.5 p.c to EUR 719 million
The corporate proposed a dividend money cost of EUR 1.21 per share for 2024, which represents a rise of 10% from 2023.
Trying forward, Edenred continues to intention for no less than 10% like-for-like EBITDA progress and a free money flow-to-EBITDA conversion fee above 70%. These projections account for a EUR 60 million hit to EBITDA because of a brand new service provider cap in Italy set to take impact in 2025.
For extra earnings information, earnings calendar, and earnings for shares, go to rttnews.com.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
