Adyen NV : Revenue marginally less, earnings less, growth still +37% and ECB benefit
>Conclusion: Revenue marginally less, profit less, but growth still +37% - The 1H22 revenue and TPV were about 2.5% to 3% less than we expected by less point-of-sale revenues than we expected. The EBIT was 6% less than we had mainly by lower revenues. Key for the Adyen investment case remains if it can keep its high growth price, and with a net revenue growth of +37% yoy in 1H22 it is showing that it is able to keep this high growth rate. Further, the large amount of ...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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