Adyen GAAP EPS of €9.09, revenue of €608.53M; reaffirms long term outlook

Aug. 18, 2022 7:44 AM ETAdyen N.V. (ADYEY), ADYYFBy: Meghavi Singh, SA News Editor2 Comments
  • Adyen press release (OTCPK:ADYEY): 1H GAAP EPS of €9.09.
  • Revenue of €608.53M (+36.7% Y/Y).
  • Processed volume was €345.8B in the first half of 2022, up 60% Y/Y.
  • EBITDA margin was 59% for the period.
  • H1 2022 take rate was 17.6 bps. For reference, H2 2021 was 18.6 and H1 2021 was 20.6 bps.
  • CapEx was €40M, and 6.6% of net revenue, up from 5% of net revenues in H1 2021.
  • Free cash flow was €308.9 million in H1 2022, up 25% Y/Y
  • Outlook: Net revenue growth: "We aim to continue to grow net revenue and achieve a CAGR between the mid-twenties and low-thirties in the medium term by executing our sales strategy."
  • EBITDA margin: "We aim to improve EBITDA margin, and expect this margin to benefit from our operating leverage going forward and increase to levels above 65% in the long term."
  • Capital expenditure: "We aim to maintain a sustainable capital expenditure level of up to 5% of our net revenue."

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