Report
Cor Kluis

Adyen NV : US and POS growth drivers, H1 update, Money20/20 summary, TP up

>Conclusion: US and POS growth drivers, H1 update, Money20/20, TP up - We updated our view and estimates for Adyen arguing why we see them to continue to win market share, grow faster in the US (26% of Adyen) and POS (16% of Adyen) fields. We also highlight the main risks we see (take rate pressure and reputational risk). Adyen does not report Q1 results but based on client groups we show that we see growth continuing well in 1H23. We also provide the key takeaways of...
Underlying
Adyen NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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