Adyen 2nd Half Net Profit Rose 62%, Beats Market Forecasts
09 February 2022 - 6:19PM
Dow Jones News
By Ian Walker
Adyen NV on Wednesday reported a 62% rise in second-half net
profit, beating market expectations, and said its view of the
prospects for the business are as strong as ever.
The Dutch payments company made a net profit for the six months
ended Dec. 31 of 264.9 million euros ($302.4 million), compared
with EUR163.1 million for the same period a year earlier and a
forecast of EUR241.5 million, taken from FactSet and based on two
analysts' forecasts.
Earnings before interest, taxes, depreciation and amortization
for the period rose to EUR357.3 million compared with EUR236.8
million for the second half of the comparable period, with a margin
that increased 64%.
Total revenue for the period rose to EUR3.44 billion from
EUR2.08 billion a year earlier, and against a consensus of EUR3.08
billion, taken from FactSet and based on three analysts'
forecasts.
Net revenue for the period rose 47% at EUR556.5 million. Adyen
said it processed payments worth EUR300 billion in the half year,
up 72%.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 09, 2022 02:04 ET (07:04 GMT)
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