Adyen NV : Il y a selon nous une déconnection claire entre les attentes des investisseurs et le rythme de transformation du groupe – Alléger maintenu
>Suite aux résultats S1 19, nous relevons nos BPA et notre TP à 510 € (vs 500 €), mais maintenons notre opinion Alléger - Suite à la publication de résultats S1 19 supérieurs aux attentes (Lien vers notre réaction initiale), du fait d’une profitabilité en forte progression en partie liée au levier opérationnel (croissance des Opex notamment des charges de personnel inférieure à celle du CA) et en partie du fait de l’application de la norme IFRS 16 (marge d’Ebitda supé...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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