Payment processor Adyen continued to increase its revenue in the first half of this year, in part due to expansion of its customer base. This emerges from a consensus of analyst estimates compiled by Bloomberg news agency. Adyen will publish results on Thursday.
The consensus consensus expects sales of over 219 million euros in the first six months of this year. That was over 156 million euros in the first half of last year and 192.5 million euros in the second half of 2018. For net profit, analyst forecasts put the figure at 82 million euros. That was 48.2 million euros in the comparable period last year and nearly 83 million euros in the second half of last year.
Adyen has set a longer-term target for an operating margin above 55 percent. In 2018, this was 52 percent. Furthermore, the company is targeting continued double-digit growth and capital investments of up to 5 percent of net sales.
Expansion
In recent times, Adyen’s customers have included companies such as U.S. meal delivery company Postmates, airline group Singapore Airlines and U.S. home furnisher Restoration Hardware. In addition, the payment service provider expanded into Africa and expanded its offering in Canada. It also applied for a U.S. federal payments license.
Furthermore, Adyen was promoted to the Amsterdam AEX index in March. Last year, the company made its debut on Beursplein 5.