Adyen NV : High growth pace is continuing, ‘moat’ growing, many future growth drivers
>Conclusion: Better H2 results and high growth pace continuing - The 2H21 revenues and earnings were better than expected. In 2H21 it had +72% yoy TPV growth, +47% net revenue growth and +61% EPS growth, showing that its good global diversified TPV is doing its job well. The yoy revenue growth in 2H21 was similar as in 1H21, so the high growth pace has been continuing without slowing down, warranting the high PE. Adyen had no change in tone on growth development. We ...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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