2023-08-25 15:39:54
Amsterdam headquarters of Ayden: The payment service provider has to explain higher personnel costs to investors. Image: Bloomberg
The payment processor is experiencing a price slump like the Dutch leading index AEX has never seen. In the FAZ interview, the CFO explains how trust should be restored.
After a historically high share price loss, the Dutch payment processor Adyen is trying to regain investor confidence. In a series of investor talks, he asks for investor opinions and considers steps to meet shareholder needs. CFO Ethan Tandowsky said so in an interview with the FAZ in Amsterdam. Could there even be quarterly reports and short-term margin targets? The manager left that open, but didn’t reject her outright either. “We’re looking at what the right steps are,” Tandowsky said. “Everything is on the table.” However, Adyen will remain a company with a long-term orientation. He did not say when decisions would be made.
Historic price drop
Adyen processes payments for online platforms and through card readers in stores. Founded in 2006 and going public in 2018, this star of the fintech industry has become a heavyweight in the Amsterdam leading index AEX. Last week, however, he suffered a spectacular setback: With the half-year balance sheet, the course fell by almost two fifths (39 percent). An AEX member has never seen such a daily loss due to its operational development. And only once, according to the calculations of the VEB shareholders’ protection association, was there a higher minus in the first Dutch stock exchange league: the 63 percent of the trading group Ahold in 2003, but they were due to the balance sheet affair of an American Ahold subsidiary.
#Payment #processor #Adyen #experiences #sharp #drop #prices