Adyen NV : Reduced revenue, revenue growth and earnings, TP lower, still fast growth
>Conclusion: Reduced revenue, revenue growth and earnings, TP lower - The 1H23 earnings were lower by less than expected revenues as the revenue growth was +21% instead of the expected +28%. Adyen believes that the lower revenue is temporary in an isolated segment being ‘US domestic ecommerce’. At this moment Adyen does not take any action to mitigate this earnings pressure as they believe it is temporary. We acknowledge that the US is a more difficult payment market ...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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