Adyen NV : Higher profit outlook, H2 revenue marginally less but good growth prospects
>2H20 profit better and future profit margin outlook better - The 2H20 EBITDA was EUR 237m vs our EUR 213m, giving an EBITDA margin of 62.4% vs our 55.0%. This higher profit was mainly driven by lower than expected costs as the total operating expenses were only EUR 143m vs our EUR 175m. For example, in 2H20 the total other operating expenses were -8% despite growing the revenues by 28% partly by lower travel expenses & no/low physical events by Covid-19, and also sti...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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