AMSTERDAM, Feb. 9, 2022 /PRNewswire/ -- Results for the past half year were strong, and the indicators of sustainable profitable growth remain intact. Having achieved new milestones of scale in the past year including half a trillion Euros of processed volume and a billion Euros of net revenues, the view of the prospects of the business remain strong.
Summary H2 2021
* Processed volume was €300 billion, up 72% year-on-year
* Net revenue was €556.5 million, up 47% year-on-year
* EBITDA of €357.3 million, up 51% year-on-year
* EBITDA margin was 64% 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 6% of net revenue driven by investments in our new headquarters in Amsterdam.
Shareholder letter & financial results
You can find our full H2 2021 financial results and accompanying shareholder letter here.
Earnings webcast
Today, at 3 PM CET, Pieter van der Does (CEO) and Ingo Uytdehaage (CFO) will host our H2 2021 earnings videoconference. You can access the live webcast here. On this same webpage, a recording will be made available shortly following the conference.
Full Year 2021 Figures
* Processed volume was €516 billion: up 70% year-on-year
* Net revenue was €1.0 billion: up 46% year-on-year
* EBITDA of €630 million: up 57% year-on-year
* EBITDA margin was 63% for the full year
* CapEx was 5% of net revenue for the full year
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.
About Adyen
Adyen (AMS: ADYEN) is the payments platform of choice for many of the world's leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L'Oréal.
Important Regulatory Notice
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Adyen's securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or the solicitation of an offer to buy, securities in the United States.
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.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in Adyen securities. Any investment decision in connection with Adyen securities must be made solely on the basis of all publicly available information relating to such Adyen securities.
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