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Edenred SE ( OTC:EDNMF ) Q3 2024 Earnings Call October 24, 2024 2:30 AM ET Company Participants Bertrand Dumazy - Chairman and Chief Executive Officer Julien Tanguy - Chief Financial Officer Fabrizio Ruggiero - Managing Director, Italy Conference Call Participants Ed Young - Morgan Stanley Pravin Gondhale - Barclays Justin Forsythe - UBS Julien Richer - Kepler Hannes Leitner - Jefferies Estelle Weingrod - JPMorgan Andre Juillard - Deutsche Bank Operator Hello, and welcome to the Edenred Q3 Results 2024. Please note, this conference is being recorded and for the durations of the call, your lines will be on listen-only. [Operator Instructions] I will now hand you over to your host, Bertrand Dumazy, Chairman and CEO; and Julien Tanguy, CFO, to begin today’s conference.
Please go ahead, sir. Bertrand Dumazy Ladies and gentlemen, good morning and thank you for joining us on this Thursday morning for Edenred Q3 results. Around the table, I am with Julien, who is the CFO of Edenred Group.
But I am also with Fabrizio who is the Managing Director of Italy. I propose that we start with the executive summary. And in this executive summary on Page 2, in fact, there are six points that I want to share with you.
Point number one, in Q3 2024, Edenred, once again was able to post a double-digit top line growth. Why, because we have a diversified growth model that proved efficient once again, despite the worsening of the macroeconomic context across Europe. The second point is why are we able to post such obvious growth? There are mainly three reasons.
The first one is, yes, we continue to grow on under-penetrated market, our core business, because our offer is relevant, and we have a powerful go-to-market machine, in particular within the SME segment. We grow because we are able to grow even faster on what we call.
