AsiaNet 88034

AMSTERDAM, Feb. 10, 2021 /PRNewswire=KYODO JBN/ --

Results reflect business resilience and continued profitable growth in the

second half of 2020, as surging volumes in online retail and digital goods

verticals compensated for declining travel volumes.

H2 2020 Figures

  - Processed volume was €174.5 billion: up 29% year-on-year

  - Net revenue was €379.4 million: up 28% year-on-year

  - EBITDA of €236.8 million: up 36% year-on-year

  - EBITDA margin of 62%, reflecting sustained profitability while we

    continue to invest for the long term

  - Free cash flow conversion ratio was 92%, with CapEx at 4% of net revenue

  - Updated EBITDA margin guidance to achieve levels above 65% in the long term

Shareholder Letter & Financial Results

You can find our full H2 2020 financial results and accompanying shareholder

letter here (

https://c212.net/c/link/?t=0&l=en&o=3063119-1&h=2972893526&u=https%3A%2F%2Fwww.adyen.com%2Finvestor-relations%2Fh2-2020&a=here

).

Earnings Call & Webcast

Today at 15:00 CET, Pieter van der Does (CEO) and Ingo Uytdehaage (CFO) will

host an earnings video call.

You can access the live webinar here (

https://c212.net/c/link/?t=0&l=en&o=3063119-1&h=526130086&u=https%3A%2F%2Fwww.adyen.com%2Finvestor-relations%2Fevents%2Fh2-2020-earnings-call&a=here

). On this same webpage, a recording will be made available following the call.

Full Year 2020 Figures

  - Processed volume was €303.6 billion: up 27% year-on-year

  - Net revenue was €684.2 million: up 28% year-on-year

  - EBITDA of €402.5 million: up 27% year-on-year

  - EBITDA margin was 59% for the full year

Historical figures have been adjusted since prior publications of results.

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 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

This announcement is not for publication, distribution or release, directly or

indirectly, in or into the United States of America (including its territories

and possessions, any state of the United States of America and the District of

Columbia), Canada, South Africa, Australia or Japan or any other jurisdiction

where such an announcement would be unlawful. The distribution of this

announcement may be restricted by law in certain jurisdictions and persons into

whose possession this document or other information referred to herein comes

should inform themselves about and observe any such restriction. Any failure to

comply with these restrictions may constitute a violation of the securities

laws of any such jurisdiction.

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. Adyen will not provide any letters of

non-objections for unsponsored ADRs or other securities in the United States or

any other jurisdiction.

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.

This communication may be restricted by law in certain jurisdictions and

persons receiving this communication should inform themselves about and observe

any such restriction and must not under any circumstances forward this

communication to any other person. Failure to comply with such restrictions may

violate securities laws of any such jurisdiction.

Source - Adyen Inc.

CONTACT: press@adyen.com