Other revenue: €44 million

Other revenue amounted to €44 million in 2021, up 12.2% like-for-like, benefiting from a slight rise in interest rates in some non-European countries, notably Brazil. On a reported basis, other revenue rose by 4.6%.


Record EBITDA: €670 million

EBITDA reached a record high of €670 million in 2021, representing strong 18.4% growth on a like-for-like basis and 15.5% growth as reported. The EBITDA margin came to 41.1%, back to its pre-crisis level and 1.6 percentage points higher than in 2020, driven by the Group’s operating leverage and the rebound in business.


Record net profit: €313 million

Net profit, Group share totaled €313 million in 2021, versus €238 million in 2020, with the 31.4% increase primarily driven by EBITDA growth.

Net profit includes other income and expenses for a net expense of €33 million (versus a net expense of €41 million in 2020), a net financial expense of €19 million (versus €37 million in 2020) – an improvement owing notably to the increase in the fair value of Edenred’s investments in the Partech funds – a net income tax expense of €151 million (versus €124 million in 2020), and €(30) million attributable to non-controlling interests (versus €(28) million in 2020).


Ongoing commitment to CSR and non-financial performance

In 2021, Edenred continued to implement its Corporate Social Responsibility policy, “Ideal”, which is aimed at improving quality of life (People), protecting the environment (Planet) and creating value ethically and responsibly (Progress).

Edenred made progress on its targets for 2022 and 2030 over the year. For example, in terms of its People goals, women now hold 34% of the Group’s executive positions, representing an increase of 5 percentage points versus the prior year (target: 40% by 2030). Regarding its Planet goals, Greenhouse gas emissions intensity has been reduced by 46% compared with 2013 (target: 52% reduction by 2030). And a significant advance has also been made in Progress goals, with 57% of users and merchants having been made aware of balanced nutrition and food waste (target: 85% by 2030).

The Group also successfully placed its first sustainability-linked convertible bonds for a nominal amount of approximately €400 million. To coincide with the placement, Edenred published its first Sustainability-Linked Bond Framework, which was reviewed by an external third party and is based on the achievement of three sustainable performance targets related to its CSR policy.

Edenred unveiled its purpose at its General Meeting on May 11, 2021. Defined by its employees and approved by the Board of Directors, the Group’s overriding goal is to “Enrich connections. For good.

This purpose is intended to inform the Group’s strategic decisions and unite its teams by giving meaning to its organization, in line with its CSR policy.

As part of this approach, free share allocation plans now include a 25% portion contingent on the achievement of these criteria, assessed over three consecutive financial years.

Through its solutions, which enable more responsible behavior, and its own initiatives, Edenred is contributing to 12 of the United Nations’ 17 Sustainable Development Goals. In particular, thanks to its earmarked funds platform, Edenred is creating virtuous ecosystems that contribute to the fight against the informal economy, fraud, food insecurity, inequality and climate change.