Adyen

Payment service provider Adyen fell sharply in the EuroStoxx, dropping 13.4% after the company cut its margin forecast for the current year and its margin expectations for coming years. JPMorgan warns of falling market expectations following the forecast cut. » More on finanzen.net

Adyen reduced its expected 2026 EBITDA margin to 50 percent and has removed the midterm target of more than 55 percent to create more room for investments and acquisitions. Revenue grew 23 percent currency-adjusted in the third quarter to €738 million, and payment volume increased 30 percent to €451 billion. On the market the share fell in double digits (about 11 percent in the morning) and is down 39 percent year-to-date; analysts view the cut as negative in the short term but partly positive for the added investment flexibility and mostly maintain buy recommendations. » More on finanzen.net

Adyen has appointed Niclas Neglen as its new chief financial officer; he is due to take up the post on 1 February. Neglen has been CFO of Klarna since March 2021. The announcement briefly pushed Adyen’s share in Amsterdam down by about 3.44% to €873.40. » More on finanzen.net