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Edenred Raises Low End of Issue Vol. Organic Growth Target 2013-11-12 17:35:03.700 GMT
By Jim Silver Nov. 12 (Bloomberg) -- Edenred raises goal for organic growth in issue vol. to 8%-14%/yr vs 6%-14% previously. * Seeks ratio of >50% in 2014 for LFL change in operating Ebit vs LFL change in operating rev. * Confirms target of >10% annual organic growth in funds from ops * Sees new clients contributing 3%-5% in issue vol. organic growth, previously saw 2%-5% Link to Statement:NSN MW5UEL3PWT1C <GO> Link to Company News:EDEN FP <Equity> CN <GO>
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To contact the editor responsible for this story: Jim Silver at +1-212-617-7342 or jsilver@bloomberg.net