Revenue increase of nearly 20 per cent for London finance company

A London payment solution company has reported an 18.3 per cent increase in revenue in 2019.

Edenred reported that its 2019 revenue was €1,626m, as well as net profit going up 22.9 per cent to €312m.

During the period, Edenred completed the acquisition of Corporate Spending Innovations as wells as 80% of the share capital of The Right Fuelcard Company.

Bertrand Dumazy, chairman and CEO of Edenred, said: “2019, the first year of the Next Frontier 2019-2022 strategic plan, was another record-breaker for Edenred, underpinned by strong momentum in sales and innovation.

“The group generated double-digit growth in all business lines and in all regions. Thanks to our unique model, based on a platform for services and payments, we connect close to 50 million employees with 2 million partner merchants via more than 850,000 corporate clients every day.

“Our 10,000 employees are fully committed to providing digital solutions closely aligned with new consumer trends and to making the world of work a connected ecosystem that is safer, more efficient and more user-friendly.

“We are beginning 2020 with confidence and expect to meet our financial targets under the Next Frontier strategic plan.”

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