Adyen NV : Marginally better, growth Q2 higher than Q1, positive relief for the market
>Conclusion: Marginally better, growth Q2 higher than Q1, positive relief - The 1H24 Adyen results were marginally better than consensus and in line with our expectations. Most important was that the net revenue top line did not show any slowdown, and that as expected the Q2 growth rate was even somewhat higher than Q1 growth rate. After some stress the last few times that Adyen reported results we expect this is a positive relief for the market. We keep our Outperfo...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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