H1 2019
Shareholder Letter
Merchant-driven innovation on the single platform
Ongoing expansion of product suite
Turning regulatory shifts into opportunities
Continuing to build based on merchant needs
New avenues for growth in an increasingly global economy
Applications of the single platform in evolving business models
Increased complexity in payment landscape proving to be a tailwind
Continued to follow our merchants’ geographical expansion
Key contributions from each growth pillar
Strong growth of existing enterprise merchants in H1 2019
Expansion to new verticals in unified commerce
Plugins and partnerships focus paying off in mid-market segment
Sustained profitable growth across regions and merchant base
Exceeded €100 billion in processed volume in H1 2019
Net revenue growth well-diversified geographically and across merchant portfolio
Increasing operational leverage due to low cost base associated with single platform
Enterprise
Solving problems for enterprise merchants continues to be our bread and butter. We have seen this segment develop positively in the first half of 2019.
Enterprise volume evolution, including share of total processed volume on the platform (%) in EUR billions.
Unified commerce
Shopper behavior is evolving, and new shopper expectations are pushing merchants to new frontiers. We are at the vanguard of this shift – helping merchants navigate the new age of retail.
POS volume evolution, including share of total processed volume on the platform (%) in EUR billions
Mid-market
Access to the full Adyen solution is now available to more businesses and sellers than ever before. We have simplified the integration process and we are focusing on educating merchants to get the most out of our platform.
Mid-market volume evolution, including share of total processed volume on the platform (%) in EUR billions.
Interim Condensed Consolidated Financial Statements
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