Adyen (-6.31% to 1,289.60 euros) occupies the final position in the AEX 25 index after announcing a more pronounced slowdown than expected in the value of transactions processed. During an activity update, the payment specialist indicated that it had increased by 32% to 320.6 billion euros in the third quarter. However, analysts on average anticipated growth of 42.8% to 347 billion euros. “The main factor behind the volume disappointment is Digital,” emphasizes Stifel.
Between July and September, Worldline's competitor recorded a 20% growth in revenue to 498.3 million euros. The increase amounted to 21% at constant exchange rates. It is 0.6% lower than expected, notes Bank of America. The analyst believes, however, that the group achieved a solid performance due to a difficult basis of comparison.
Regarding the outlook, Adyen is still targeting annual growth in net turnover of between 20 and 30% until 2026 inclusive. The company also anticipates an improvement in its Ebitda margin to levels above 50% in 2026, hoping to benefit from the operational leverage inherent to its business model. Finally, it intends to maintain a level of investments of up to 5% of its net income.
