Adyen shares climbed 16% on Thursday morning after the financial technology platform for large corporations reported better-than-expected half-year results.

The Dutch company announced this morning that its earnings before interest, taxes, depreciation and amortization (Ebitda) came to 423 million euros in the second half, up 14% year-on-year.

The consensus forecast was for earnings of around 400 million euros.

Its operating margin (Ebitda) came to 48%, compared with 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.

By way of comparison, analysts were expecting a margin of less than 45%.

Sales rose by 23% to 887 million euros, in line with market expectations.

Adyen, whose main customers include Facebook, Uber, H&M, eBay and Microsoft, has maintained its medium-term targets of sales growth of between 20% and 30% (not included), 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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