Adyen NV : 1H21 results better than expected on all lines revenue, profit and EBITDA
>Conclusion: 1H21 results better than expected on all lines, no outlook - The Adyen 1H21 results were better than expected on all lines net revenue, net profit and EBITDA. We have seen this with most online/ecommerce payment providers at their H1 results. Adyen is not giving a short term outlook for 2H21. Good 1H21 results. Neutral recommendation.1H21 net profit and EBITDA better than expected - In 1H21 the net profit was € 205m vs Bloomberg consensu...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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