Report
David Vignon

ADYEN: Q1 EBITDA margin underwhelming, but processed volumes continue to strongly increase | BUY | EUR900

ADYEN - BUY | EUR900(+15%)
Q1 EBITDA margin underwhelming, but processed volumes continue to strongly increase

Q1 shows strong growth, but the EBITDA margin is low
Processed volume now down c. 30% compared to week 1 of 2020
Online retail volumes are accelerating sharply in early April
For the long-term story, this quarter remains impressive
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
David Vignon

Other Reports on these Companies
Other Reports from Bryan Garnier

ResearchPool Subscriptions

Get the most out of your insights

Get in touch