Financial PerformanceThe new regulation is expected to cause a 5% impact on operating revenue and a 13% impact on operating EBITDA for Edenred.
Market DynamicsQ3 saw a slowdown across segments and regions and subdued commentary around macro in key region Europe, accounting for approximately 60% of revenues.
Regulatory ChangesThe Italian Senate has approved a 5% commission cap, which will impact meal voucher providers like Edenred, limiting the fees they can charge retailers.