By Adria Calatayud

Adyen NV said Thursday that first-half net profit more than doubled on the back of higher net revenue and payments volumes, as it reiterated its financial objectives.

The Dutch payments company said it made a net profit for the first six months of the year of 204.8 million euros ($239.8 million) compared with EUR97.9 million for the same period last year.

Earnings before interest, taxes, depreciation and amortization for the period rose 65% to EUR272.7 million, with a margin that increased seven percentage points to 61%.

Total revenue for the period rose to EUR2.55 billion from EUR1.56 billion a year earlier, with net revenue up 46% at EUR445 million. Adyen said it processed payments worth EUR216 billion in the first half, up 67% on year.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

August 19, 2021 02:02 ET (06:02 GMT)

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