Adyen NV : 2H22 revenue in line, expenses high by faster hiring pace, good outlook
>Conclusion: Revenue in line, expenses high by faster hiring pace, good outlook - The H2 revenues were in line, but the net profit was less due to well higher than expected expenses by the way faster/stronger hiring pace in H2 than expected, somewhat mitigated by higher finance income due to higher central bank rates on their large cash base. Although this temporary puts some pressure on earnings we remain positive on Adyen as the revenue growth continues at a high pa...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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