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Edenred is a French company specialised 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, fleet and mobility and corporate payment. 44 million employees use Edenred services worldwide.
|Public limited company|
|Traded as||Euronext: EDEN|
CAC Next 20 Component
|Industry||Prepaid corporate services|
|Founded||June 29, 2010[note 1]|
(Chairman and CEO)
|Revenue||€1.339 billion (2017)|
Number of employees
|Over 8,000 employees as of February 20, 2018|
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 development of 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. As of 2015, 78% of the group's business volume around the world was generated from digital solutions.
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.
On May 31, 2016, Edenred finalized its acquisition of Embratec's operations in Brazil, creating a leading player in this fast-growing segment.
In January 2017, Edenred takes over UTA majority, one of the leading providers of fuel and service cards in Europe.
On June 14, 2017, Edenred unveiled its new global identity. The group will market all of its solutions in 42 countries under the Edenred brand.
Edenred currently operates in 45 countries and over 8,000 employees. Has been operating in Venezuela for 26 years. The group has moved into new countries since 2010: Finland in 2011, Japan in 2012, Russia, the United Arab Emirates in 2014 and Moldova in 2018.
Chairman and CEO
2010-2015: Jacques Stern
Since October 26, 2015: Bertrand Dumazy
- Date of demerger from Accor.
- "Company Description: Edenred". businessweek.com. BusinessWeek. Retrieved 12 August 2012.
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- "press release Edenred" (PDF).
- "PR HY2015" (PDF). Archived from the original (PDF) on 2015-11-17.
- "Edenred 2017 annual results press release" (PDF). Edenred.
- "PR Ticket Cultura".
- "Edenred / Daimler Reuters".
- "B.Dumazy / Edenred Reuters".
- "Edenred capital structure". Archived from the original on 2017-06-06.
- "Edenred Worldwide - The Edenred Group". www.edenred.com. Retrieved 2015-11-13.
- "Edenred to issue meal benefits in the Republic of Moldova in 2018". Business review.
Media related to Edenred at Wikimedia Commons