According to the figures that were published on the 22nd of August, payment agency Adyen has grown considerably in sales in the first half of this year. These figures are the first that Adyen released after the IPO.
The Dutch company generated a profit of 48.2 million euros on a turnover of 156 million euros. The turnover grew with 67 percent since last year and the profit increased even more, with 74 percent in comparison with 2017. Operating profit in the first half of 2018 was 70.3 million.
Total, Adyen (with customers such as Uber, Netflix, and Spotify) processed 70 billion euros in the first half of this year. That's 43 percent more than a year ago when they processed just under 40 billion euros.
Growth was realized in all regions. The biggest growth was seen in Asia (147,5 percent) and North America (142,9 percent). Compared to that, the growth in Europe was somewhat meager with 'only' 51,9 percent.
The figures show that Adyen doesn't pay much for marketing and sales: 11.4 million euros. However, the operating costs are a lot higher at 42.7 million.
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