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 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.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

August 18, 2022 02:06 ET (06:06 GMT)

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