Chairman and Chief Executive Officer, Edenred
Edenred's 2024-2025 Integrated Report | Interview with Bertrand Dumazy, Chairman & CEO [EN]
"Close at hand", our online integrated report: https://www.edenred.com/en/integrated...
Bertrand Dumazy answers questions from TED and EVA, Edenred's virtual assistants in Brazil and Peru.
NB: this video contains AI-generated footage.
About Bertrand Dumazy
Bertrand Dumazy, Chairman and CEO of Edenred, appeared on BFM Business on July 23, 2026, to discuss the company's first-half results and the reform of meal vouchers in France. He noted that Edenred's net profit declined by 7.5% to €214 million, attributing this to regulatory changes in Italy and Brazil, which he described as a "transition year." Despite the profit drop, the company raised its growth forecasts for the end of 2026. Regarding the meal voucher reform, Dumazy stated that while adapting to new consumption patterns, such as allowing purchases in supermarkets, is positive, "we must maintain limits, otherwise the system serves no purpose." He argued that the system is funded by employers for meals during work hours and should not be extended further. Dumazy also confirmed that Edenred has received expressions of interest from investment funds regarding a potential acquisition, but said no confirmation of such interest has been made.
Transcript (8 segments)
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Interviewer0:06
Hello, Bertrand. We're delighted to have the opportunity to ask you a few questions as we're usually the ones being asked. Is this the first time you've interacted with virtual collaborators?
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Bertrand Dumazy0:19
Hello to you both. Indeed, in interview form, it is the first. You may be virtual, but you embody the first of the Group's five values: passion for customers. I am pleased that Edenred can count on you every day to help us better serve our more than 60 million users, 1 million corporate customers and over 2 million merchant partners across 45 countries and they are certainly not virtual.
To begin with, let's talk about last year's results. 2024 was another record year for Edenred. Our total revenue for the year reached €2.9 billion euros. Thanks to the successful execution of our beyond strategic plan, we improved our profitability, increased our earnings per share, and generated strong cash flow. The financial strength has enabled us to invest in external growth while increasing returns to our shareholders.
Speaking of external growth, 2024 was a year of acceleration for Beyond Food and Beyond Fuel. That's right. One of the key focuses of our strategic plan is to expand beyond our traditional businesses such as fuel cards and meal vouchers. Our performance was driven by growth in the Beyond Food and Beyond Fuel businesses, which now account for 37% of our revenue. Three operations have directly contributed to this. First, in the field of mobility, which Ted knows well, Spir now enables us to offer our customers a complete solution for managing electric recharging on the road with a network of nearly 900,000 charging stations across Europe, at home, and in the workplace. We have already rolled out this offer in France and Germany with several key accounts. In Brazil, we are expanding our benefits and engagement businesses with RB, which provides commuter benefits to 15,000 corporate clients. This is a perfect continuation of the work accomplished in 2023 with the integration of the reward gateway and go integral employee engagement platforms. Last but not least in Italy, the acquisition of EP's fuel card business has brought 50,000 new B2B customers for Beyond Fuel Solutions. This operation positions Edenred as the second largest energy card issuer in the country.
2024 was also an important year for CSR. This is an essential dimension of our strategy. Our carbon reduction targets have been validated by the science based targets initiative committing us to achieve net zero carbon emission by 2050. We have made progress on all the performance indicators of our ideal policy. This progress has enabled us to confirm our inclusion in the CAC 40 ESG index and to join the Dow Jones sustainability index for Europe and the world.
The uncertain economic environment means that 2025 will present new challenges. We are prepared to meet these challenges head on. Our business lines, benefits and engagement, mobility and complementary solutions have proven to be strong growth drivers. We can capitalize on the penetration potential of our markets, the loyalty of our customers, the strong recurrence of our revenues, and the successful integration of our recent acquisitions. We will also strengthen our operating performance by focusing on the agility of our organization, the scale effects of our platform and the optimization of our costs. I also know that we can count on the unwavering commitment of our 12,000 employees and the scalability of our distributed and distributing digital platform. By combining the best of people and technology, there is nothing we can't achieve.
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Interviewer4:49
Finally, 2025 will be a special year. 15 years of Edenred and your 10 years at the helm of the group. How does this inspire you?
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Bertrand Dumazy4:58
These anniversaries will certainly be an opportunity to celebrate alongside our entire dream team the progress we have made over the past decade. But I also know that as a matter of principle at Edenred, we prefer to look to the future. We will continue to innovate, explore new markets, and strengthen our digital platform model to ensure our sustainable and profitable growth. In the short term, we confirm our objectives for 2025. Beyond that, our vision remains clear. We are aiming for revenue exceeding 5 billion euros by 2030 without ever forgetting what guides us every day on this journey. Our five values, the principles of our dream team culture and of course our purpose. Enrich connections for good.