Edenred Reaffirms 2026 Guidance for 7%-10% EBITDA Decline on Comparable Basis

By Public Technologies
  • Edenred reaffirmed its 2026 EBITDA outlook for a 7%-10% like-for-like decline, reflecting meal-voucher regulatory changes in Italy and Brazil.
  • The EBITDA range was adjusted to EUR 1.22 billion–EUR 1.26 billion to reflect third-quarter transactions.
  • Other revenue is forecast at a minimum EUR 210 million, with free cash flow conversion of at least 35% of EBITDA.
  • For 2027 and 2028, annual organic EBITDA growth remains targeted at 8%-12%, with free cash flow conversion of at least 65%.
  • Third-quarter operating revenue was flat at EUR 667 million; underlying growth excluding the regulatory impacts reached 6.6%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edenred SE published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.

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