April 23, 2020 / 5:31 AM / 3 months ago

BRIEF-Edenred Q1 Revenue Up 6.3% LFL To EUR 395 Mln

April 23 (Reuters) - Edenred SA:

* EDENRED : FIRST-QUARTER 2020 REVENUE - EDENRED REPORTS FURTHER STRONG GROWTH, PARTLY OFFSET BY THE INITIAL LOCKDOWN MEASURES INTRODUCED IN RESPONSE TO THE COVID-19 EPIDEMIC

* A MARKED DECREASE IN BUSINESS EXPECTED IN Q2

* ON CORONAVIRUS: EDENRED RESPONDS SWIFTLY BY LAUNCHING A €100 MILLION COST-SAVING PLAN IN 2020 AND REVISING INTENDED CAPITAL EXPENDITURE FOR THE YEAR DOWNWARD

* DUE TO UNCERTAIN ENVIRONMENT RESULTING FROM COVID-19 EPIDEMIC, GROUP SUSPENDED ITS TARGETS FOR FULL-YEAR 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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