Adyen (AMS:ADYEN) H1 2024 results
Key financial results
- Sales: €924.0 million (up 25% compared to the first half of 2023).
- Net profit: €409.6 million (up 45% compared to the first half of 2023).
- Profit margin: 44% (compared to 38% in H1 2023). The increase in margin is due to higher sales.
- Earnings per share: €13.19 (compared to €9.10 in the first half of 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Adyen’s earnings per share exceed expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 2.7%.
Average sales growth of 18% per annum is expected for the next three years. In contrast, a decline of 18% is forecast for the European diversified financial sector.
Development of the market in the Netherlands.
The company’s shares rose 20% compared to the previous week.
Risk analysis
However, it is worth noting that we have found 1 warning signal for Adyen that you need to take into account.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
