Adyen 1st Half Net Profit Rose Sharply
19 August 2021 - 4:15PM
Dow Jones News
By Adria Calatayud
Adyen NV said Thursday that first-half net profit more than
doubled on the back of higher net revenue and payments volumes, as
it reiterated its financial objectives.
The Dutch payments company said it made a net profit for the
first six months of the year of 204.8 million euros ($239.8
million) compared with EUR97.9 million for the same period last
year.
Earnings before interest, taxes, depreciation and amortization
for the period rose 65% to EUR272.7 million, with a margin that
increased seven percentage points to 61%.
Total revenue for the period rose to EUR2.55 billion from
EUR1.56 billion a year earlier, with net revenue up 46% at EUR445
million. Adyen said it processed payments worth EUR216 billion in
the first half, up 67% on year.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
August 19, 2021 02:02 ET (06:02 GMT)
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