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Dutch fintech firm Adyen first-half core earnings soar

Dutch fintech firm Adyen first-half core earnings soar
FILE PHOTO: The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands August 24, 2018. REUTERS/Eva Plevier -
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Eva Plevier(Reuters)
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AMSTERDAM (Reuters) – Adyen NV <ADYEN.AS>, a Dutch fintech company that processes payments for online merchants, including Facebook and Netflix, on Thursday posted a 79% jump in core profits, driven by higher volumes of transactions handled for existing customers.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) in the half year ended June 30 was 125.8 million euros ($139.39 million), from 70.3 million euros in the same period of 2018, it said in a statement.

(Reporting by Toby Sterling; Editing by Rashmi Aich)

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