Edenred Q1 revenue hit by weak currencies
PARIS, April 15 (Reuters) - Edenred, the French vouchers and prepaid cards group, said on Tuesday that revenue fell 4.6 percent year-on-year in the first quarter as weaker exchange rates for emerging market currencies, notably in Latin America, weighed.
On a like-for-like basis, which excludes currency impacts, acquisitions and divestments, revenue rose 7.1 percent to 238 million euros ($329 million), driven by a strong performance in Latin America.
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. ($1 = 0.7234 Euros) (Reporting by Dominique Vidalon; Editing by James Regan)
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