By Kyle Morris
Adyen NV said Thursday that first-half total revenue beat consensus, as processed volume grew driven by strong customer relationships.
The Dutch payments company /zigman2/quotes/205351021/delayed NL:ADYEN -3.54% said it posted a net profit of 282.1 million euros ($287.1 million) in the period, compared with EUR204.8 million a year earlier.
Earnings before interest, taxes, depreciation and amortization were EUR356.3 million, compared with EUR272.7 million. The Ebitda margin was 59%, it said.
Total revenue was EUR3.95 billion, compared with EUR2.55 billion a year earlier, the company said. Revenue had been forecast at EUR3.77 billion, according to a consensus of five estimates provided by FactSet.
Adyen said it processed payments valued at EUR345.8 billion, up 60% on year.
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