Type Public limited company Area served Worldwide Headquarters Île-de-France, France | Traded as Euronext: EDEN Revenue 1.034 billion EUR (2014) Founded 29 June 2010 | |
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Industry Prepaid corporate services Key people Bertrand Dumazy
(Chairman and CEO) Number of employees Over 6,000 employees as of December 31, 2014 Stock price EDEN (EPA) € 21.02 +0.16 (+0.77%)10 Mar, 5:35 PM GMT+1 - Disclaimer CEO Bertrand Dumazy (26 Oct 2015–) Subsidiaries Euroticket Company SRL Profiles | ||
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.
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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. 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.
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).
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 in 2015.
Bertrand Dumazy became Chairman and Chief Executive Officer of Edenred on October 26, 2015.
Ownership
According to the company website: 81.8% institutional investors, 11.1% Colday (Colony Capital), 5.5% individual shareholders, 1.6% own shares.
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