Press

October 13, 2017

Edenred On Track for a Record Year – Q3 2017 Revenue

Edenred Group, Europe – Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “Edenred’s third-quarter revenue performance confirms the relevance of our Fast Forward strategy and the Group’s ability to deliver sustainable and profitable growth. The period was marked by an acceleration of growth in Europe – commitment of our sales teams and the diversification of our suite of solutions are producing results – as well as by the good performance achieved in Hispanic Latin America. In this context, we confirm our organic growth targets for 2017, which is set to be another record year for Edenred in terms of revenue, operating EBIT and funds from operations.” Download the full report

September 7, 2017

Edenred joins the Dow Jones Sustainability Index (DJSI)

The Dow Jones Sustainability Index (DJSI) is a collaboration between the Zürich based RobecoSAM, an asset manager specialized in sustainability investment and S&P Dow Jones Indices and was first launched in 1999. The DJSI was the first worldwide index to rank companies on the basis of their performance in the realm of corporate sustainability.

The index assesses businesses along three dimensions: economic, environmental and social, covering criteria such as governance, human resources policy, human rights and environmental impact.

January 31, 2017

Commuter Benefit Solutions Recognized as a Best Places to Work for Commuters

Best Workplaces for Commuters recognizes employers who have met the National Standard of Excellence and provide high level benefits for their employees. Edenred Commuter Benefit Solutions is honored to accept this recognition for 2017.

March 11, 2016

Edenred Commuter Benefit Solutions thanks Congressman McGovern for his efforts in congress, saving commuters hundreds of dollars each year.

Worcester and Boston, MA – Yesterday, Congressman Jim McGovern (D-MA) rode from Worcester to Boston to highlight a permanent increase in the commuter tax benefit for mass transit riders that was included in a bipartisan multi-year tax package signed into law in December 2015.

Joining Congressman McGovern was MassDOT Secretary and CEO Stephanie Pollack, MBTA General Manager Frank DePaola, Association for Commuter Transportation (ACT) Executive Director David Straus, and Edenred COO Meltem Korkmazel as well as leaders from T4Mass, ABC TMA, Charles River TMA and MassCommute.

Without congressional action, the cost for those who use the transit benefit would have practically doubled in 2015, leaving families and commuters with up to $1,440 a year in additional tax burden.

“Thanks to the efforts of Representative McGovern, the cap on the transit benefit has increased to $255 per month. Now both parking and transit caps are equal. This increase will help transit riders save even more on their commutes each year,” said Meltem Korkmazel, Chief Operating Officer at Commuter Benefit Solutions.

Congressman McGovern has long championed commuter benefit parity, introducing legislation, playing a key role getting it included in the American Recovery and Reinvestment Act, and fighting to extend and make it permanent.

December 21, 2015

Full speed ahead for permanent parity

Edenred applauds passage of tax legislation which creates permanent parity between the parking and transit portion of the transportation fringe benefit.

Newton, MA – End of year tax and spending legislation passed by Congress and signed into law by the President includes a provision that establishes parity between the parking and transit portion of the commuter tax benefit, ending a quarter century old policy that incentivizes commuters to drive alone.

Edenred’s Chief Operating Officer, Meltem Korkmazel had the following to say:

“This is such important legislation to the millions of transit riders who have been impacted by the lack of parity. These are commuters who have the longest and most expensive commutes and who without parity, likely will be forced back into a car and add to our already congested roads”, adding “The legislation passed today will right this wrong and steer American commuters in the right direction.”

Transportation costs are the second largest household expense for American families. Over the past several years, members of Congress have been working together to bring permanent parity to transit and parking pre-tax benefits. Permanent parity assists commuters in creating changes to the way they commute, moving toward increased ridership of subways, buses and vanpools and significantly reducing the congestion on our roadways.

Without congressional action, the cost for those who used the transit benefit were double that of those who drove to work, leaving transit and vanpool riders with up to $1,440 a year in additional tax burden. The legislation passed today rights this wrong.

Korkmazel concluded, “I want to thank Senator Schumer (D-NY) and the other champions, many of whom have been working on this issue for years.”

March 2, 2015

Edenred calls on congress for support of important legislation introduced to restore tax parity for transit riders

Edenred Commuter Benefit Solutions (ECBS) celebrates the introduction of the ‘Commuter Benefit Parity Act of 2015’ and calls on Members of Congress to support this legislation by co-sponsoring it.

Transportation costs are the second largest household expense for American families. Over the past several years, members of Congress have been working together to bring permanent parity to transit and parking pre-tax benefits. Permanent parity assists commuters in creating permanent changes to the way they commute, moving toward increased ridership of subways, buses and vanpools significantly reducing the congestion on our roadways.

Congressman Peter King (R-NY), sponsor of the legislation had the following to say, “Commuters who drive to work receive more favorable tax treatment of their transportation costs than commuters who rely on public transportation,” said Rep. Peter King. “The Commuter Benefit Parity Act of 2015 ensures that commuters receive the same level of tax relief regardless of whether they drive or use public transportation, like the Long Island Railroad. At no cost to the federal government, this legislation is a common-sense solution to ensuring that public transportation is a cost-effective choice.”

Without congressional action, the cost for those who use the transit benefit would have practically doubled in 2015, leaving families and commuters with up to $1,440 a year in additional tax burden.

“This is such an important legislation to the millions of transit riders who have been impacted by the lack of parity. These are commuters who have the longest and most expensive commutes and who without parity, likely will be forced back into a car and add to our already congested roads”, said Meltem Korkmazel, Chief Operating Officer of ECBS, adding “I want to thank Congressman King (R-NY) and the other champions, many of whom have been working on this issue for years”.

Joining Congressman King in introducing the legislation is Congressman Randy Hultgren (R-IL), Congressman Leonard Lance (R-NJ), Congressman Robert Dold (R-IL), Congressman Jim McGovern (D-MA), Congressman Earl Blumenauer (D-OR), Congressman Daniel Lipinksi (D-IL), and Congressman Sean Patrick Maloney (D-NY).

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