Adyen NV : Better 2H23 result, future +20% revenue growth, 43-45% net profit margin
>Conclusion: Better 2H result, future 20% rev growth, 43-45% net profit margin - The 2H23 results were better than we expected, by higher than expected revenues in both Q3 and Q4, lower than expected expenses, and higher than expected net interest income. Most important is that the net revenue growth remained high at +26% in constant currencies in both 3Q23 and 4Q23. Over 2019-2023 the annual revenue growth rate was +25% and we expect this to be about +20% the coming ...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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