Report
David Vignon

ADYEN: Results broadly in-line overall but the EBITDA margin is slightly disappointing | SELL | Under Review vs. EUR490

ADYEN - SELL | Under Review vs. EUR490
Results broadly in-line overall but the EBITDA margin is slightly disappointing

EBITDA margin impacted by increased hiring pace
Mid-term objectives reiterated
Fair value moved to Under Review
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

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