Adyen NV : Revenue marginally less, EBITDA less, net revenue growth still +37%
>Conclusion: Revenue marginally less, EBITDA less, growth still +37% - The H1 revenue was marginally less, and the EBITDA was less than expected. It was difficult for the market to estimate given the change in ecommerce market, however the net revenue growth was still +37% vs our +40% (consensus +38%) so the high growth rate is continuing. It is likely that the share will underperform today given the high growth multiples. Outperform.Net revenue marginall...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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