Adyen, the Dutch payment service provider, provided clarity about its growth targets for the coming years in a statement on Wednesday evening. While the ambitious goals are no longer as high as before, the clear statements have alleviated investors' growing growth concerns in the summer following the half-year figures. The business figures for the third quarter also convinced as the growth of the first half of the year was maintained.

Despite this, the losses incurred since August have not yet been recovered. In the first half of the year, the company listed in EURO STOXX50 suffered under consumer spending restraint and the struggle for technologically savvy employees. Growth had significantly declined and the operating profit margin had decreased.

As a result, the stock price had collapsed by almost 40 percent in one day, dropping from over 1,500 euros to just over 600 euros. In November, the papers finally found a bottom at just over 600 euros. A significant recovery occurred on Thursday: the price rose by over 30 percent to 905.40 euros.

Adyen has now announced in its Wednesday evening communication that it plans to increase its net sales annually by low to high twenties percent until 2026. In the end, more than half of this is expected to remain as earnings before interest, taxes, and amortization (EBITDA). For Paul Charpentier, analyst at the investment firm Bryan Garnier, the new targets are not surprising, after the company had previously aimed for growth in the mid to low thirties percent range. The previous margin target of 65 percent is also not surprising.

Mohammed Moawalla, expert at investment bank Goldman Sachs, welcomed the clear medium-term growth prospects. At the same time, the figures for the third quarter significantly exceeded his expectations. Adyen has proven its strength in revenue. The plans for staff expansion, previously announced for 2023, are now expected to not be as high as previously anticipated.

In the third quarter, transaction volume rose by more than a fifth to 243 billion euros compared to the same period last year. Net sales similarly increased significantly to 413.6 million euros. Adyen, among other things, processes payments online for well-known platforms such as Spotify, Zalando and Uber, but also operates in the field of on-site payment processing in stores.

Adyen shares significantly increased on Thursday morning. At times, the price rose on the EURONEXT in Amsterdam by 35.82 percent to 944.90 euros. This was the company's response to the new medium-term targets that were published the previous evening.

Despite the sharp increase, the price is still far below the highs of the first half of the year. Back then, the price was still around 1500 Euros before it crashed in late summer. Analysts at Bryan Garnier attribute the gains to the investor day and the associated figures. The statements for the third quarter show promising developments.

Although the outlook has been lowered, it still matches consensus estimates and is above all achievable. Overall, the information for the third quarter exceeded expectations, according to Berenberg. The outlook for 2026 is seen as realistic. Adyen's technological solutions continue to be the best in the industry.