Edenred
 | This article contains promotional content. (March 2016) |
| Company type | Public limited company |
|---|---|
| Euronext: EDEN | |
| Industry | Prepaid corporate services |
| Founded | June 29, 2010[note 1] |
| Headquarters | , |
Area served | Worldwide |
Key people | Bertrand Dumazy (Chairman and CEO) |
| Revenue | €1,034 million (2014) |
706,000,000 Euro (2023)  | |
| 267,000,000 Euro (2023) | |
Number of employees | Over 6,000 employees as of December 31, 2014 |
| Website | Edenred.com |
Edenred is a French company specialising in prepaid corporate services. The Group is independent since June 2010 following the split with Accor. Formerly known as Accor Services, Edenred is the inventor of Ticket Restaurant, created in 1962, and a leading distributor of meal vouchers. Today, Edenred offers solutions for employee benefits, business expenses management, motivation and rewards. The Group also supports public institutions in managing their social programs. 41 million employees or citizens benefit from Edenred solutions worldwide.[2]
History
Inspired by the original Luncheon Voucher, a concept launched in the United Kingdom in 1954, Jacques Borel created Ticket Restaurant on the French market in 1962. A French government decree, passed in 1967, officially recognized the meal voucher as an employee benefit. The concept was launched outside France starting in 1976.
Employee benefits continued to grow worldwide, first in Europe and then in Latin America, thanks to two programs: Ticket Restaurant and Ticket Alimentación. The Ticket Restaurant® entity, which had been a subsidiary of the Accor group since 1983, set itself a new course in 1998, when it became Accor Services.
From the 2000s, the pace of growth increased, giving rise to "incentive and rewards" solutions, in Europe and Asia, in addition to Expense management, solutions, with the developmentof Ticket Car in Latin America.
Following the split of Accor’s hotel and prepaid services businesses, Accor Services became Edenred in June 2010.[3] The new Group became independent,defined its corporate mission project and was listed on NYSE Euronext Paris on July 2, 2010. Jacques Stern was appointed Chairman and Chief Executive Officer.
The Group sped up its transformation by making digital technology a pillar of its strategy and launched the Ticket Restaurant® card in France in April 2014. Currently, 66% of the Group's issue volume around the world is generated from digital solutions.[4]
Edenred also launched new solutions including Ticket Plus Card in Germany (staple goods: food, fuel, meals) and Ticket Cultura® in Brazil (cultural goods and services).[5]
Moreover, Edenred consolidated its development strategy for its Expense management activity, by finalizing the acquisition of a 34% stake in UTA in Germany and by establishing a major partnership in Brazil with Daimler[6] in 2015.
Bertrand Dumazy became Chairman and Chief Executive Officer of Edenred on October 26, 2015.[7]
Ownership
According to the company website: 81.8% institutional investors, 11.1% Colday (Colony Capital), 5.5% individual shareholders, 1.6% own shares.[8]
Expansion
Edenred currently operates in 42 countries and has over 6,000 employees. The Group has moved into five new countries since 2010: Finland in 2011, Japan in 2012, Colombia in 2013, and Russia and the United Arab Emirates in 2014.
Governance
Chairman and CEO
2010-2015: Jacques Stern
Since October 26, 2015: Bertrand Dumazy
References
Footnotes
- ^ Date of demerger from Accor.
Citations
- ^ "Company Description: Edenred". businessweek.com. BusinessWeek. Retrieved 12 August 2012.
- ^ "Information about the Edenred group". www.edenred.com. Retrieved 2015-11-13.
- ^ "press release Edenred" (PDF).
- ^ "PR HY2015" (PDF).
- ^ "PR Ticket Cultura".
- ^ "Edenred / Daimler Reuters".
- ^ "B.Dumazy / Edenred Reuters".
- ^ "Edenred capital structure".
- ^ "Edenred Worldwide - The Edenred Group". www.edenred.com. Retrieved 2015-11-13.
External links
Media related to Edenred at Wikimedia Commons