Adyen - The Law of the Big Numbers is Difficult to Beat
Sales growth slowed down, allegedly due to competition in digital in North America, but the law of the big numbers may have also played a roleIt has become uncertain if, when, and by how much sales growth will rebound, as new products were said to bear fruit only mid-termEstimates cut, TP slashed to EUR 730, we remain on the sidelines (Hold)Adyen NV, formerly Adyen BV, is provider of mobile, online and point-of-sale (POS) payment solutions based in the Netherlands. It operates an online platform enabling merchants to accept payments internationally and from all sales channels, such as online shops, mobile payments from applications and Websites, and POS, such as countertops, mobile terminals, tablets and cash registers, among others. The platform covers the entire payment chain, including technical, contractual, reconciliation and settlement processes. The platform is available in the form of ready-to-use payment pages (HPP), application programming interface (API), and client-side encryption solution (EE). The Company's customers include Mango, KLM, Netflix, Superdry, Uber, Groupon and Crocs, among others. It has offices in the Netherlands, the United Kingdom, France, Germany, Belgium, Brazil, China, Australia, Mexico, Singapore, Spain, Sweden and the United States.
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