Adyen’s results reflect strong profitable growth during a half year wherein longer-term trends (e.g. the digitization of commerce, the shift from cash to cashless) further accelerated and were ingrained in shopper behavior globally.
Summary H1 2021
Processed volume was €216.0 billion, up 67% year-on-year
Net revenue was €445.0 million, up 46% [1]year-on-year
EBITDA of €272.7 million, up 65%* year-on-year
EBITDA margin was 61% as a result of strong net revenue growth paired with the operational scalability of the Adyen platform
Free cash flow conversion ratio was 90%, with CapEx at 5% of net revenue
Shareholder letter & financial results
You can find our full H1 2021 financial results and accompanying shareholder letterhere.
Earnings webcast
Today, at 3 PM CEST, Pieter van der Does (CEO) and Ingo Uytdehaage (CFO) will host our H1 2021 earnings videoconference. You can access the live webcasthere. On this same webpage, a recording will be made available shortly following the conference.
Contact
press@adyen.comir@adyen.com
This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
[1]As disclosed in our 2020 annual and H2 2020 interim condensed consolidated financial statements,comparative figures have been adjusted since prior publications. Please refer to our H1 2021 Interim Condensed Consolidated Financial Statements for further detail.
Important Regulatory Notice
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This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction, including the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
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