Adyen: better-than-expected H2 results, share soars

(CercleFinance.com) - Adyen shares jumped 16% on Thursday morning after the financial technology platform for large corporations reported better-than-expected H2 results.


The Dutch company this morning announced Ebitda of E423m in H2, up 14% y-o-y.

The consensus was looking for earnings of around E400m.

Its Ebitda margin came to 48%, below 52% a year earlier, a decline which the fintech justifies by the strengthening of its workforce and by the impact of the recent cycle marked by an acceleration in its investments.

Meanwhile, analysts were expecting a margin of under 45%.

Sales rose by 23% to E887m, in line with market expectations.

Adyen, whose main customers include Facebook, Uber, H&M, eBay and Microsoft, has maintained its medium-term targets for sales growth of 20% to 30%, accompanied by an improvement in its Ebitda margin, which should exceed 50% by 2026.

Following this publication, the share price soared by 16.6%, posting by far the biggest rise on the pan-European STOXX 600 index on Thursday morning.


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