Latin America lifts Edenred Q1 sales
PARIS, April 14 (Reuters) - French vouchers and prepaid cards group Edenred posted a 10.2 percent rise in first-quarter revenue on Tuesday thanks to a strong performance in Latin America, a recovering Europe and a slightly stronger Brazilian real.
On a like-for-like basis, excluding currency effects, acquisitions and divestments, revenue rose 8 percent to 263 million euros ($281 million).
The company, which owns the Ticket Restaurant brand, also kept its goal of generating growth of between 8 and 14 percent in issue volume per year in the medium-term after issue volume rose 10 percent on a like-for-like basis in the first quarter. ($1 = 0.9366 euros) (Reporting by Dominique Vidalon; Editing by James Regan)
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