Edenred SE (ENXTPA:EDEN) will look for acquisitions. During the half year results conference call, Mr. Bertrand Dumazy, CEO said that 'But we also recognize that being a platform - being a platform, we can accelerate and leverage even better the strength of the platform. Because we serve 60 million users.

So to continue to be the most innovative, to continue to have 1 step ahead of the competition, we will also accelerate via acquisitions that bring services, reinforcing our mission, which is to be the everyday platform for people at work. So, what is the multiple? What is the payback?

What is the IRR? That things that we are following very closely. What you can expect from Edenred as well is to be super strong in terms of PMI.

We start on time, we finish on time. We do what we say, we say what we do, and we do it in a very collaborative way. So with that spirit, yes, we will do some bolt-on acquisitions in Engagement & Benefits to extend our Beyond Food strategy'.

"What you can expect from Edenred as well is to be super strong in terms of PMI. We start on time, we finish on time. We do what we say, we say what we do, and we do it in a very collaborative way.

So with that spirit, yes, we will do some bolt-on acquisitions in Engagement & Benefits to extend our Beyond Food strategy. Yes, in Fleet & Mobility, we will continue to do some built-up acquisition in greener B2B mobility. And yes, in corporate payments, we will build up acquisition to further expand in new verticals or extend along accounts payable automation value chain.

So to make a long story short, Andre, what we have been doing quite successfully, we will continue to do it in the coming years".