Half Year 2019 Adyen NV Earnings Call Transcript
Ladies and gentlemen, thank you for holding, and welcome to the Adyen First Half 2019 Results Conference Call. (Operator Instructions)
I would now like to hand over the conference to Mr. Pieter van der Does, CEO of Adyen. Go ahead, please.
Thank you, and good afternoon, everyone. To start, I would like to give you a brief update on the first half. Then Ingo will take a deeper dive into the numbers. After that, we will be happy to answer any questions. For more detail on these results, you can find our shareholder's letter on our Investors Relations website.
We continue to see strong profitable growth in the first half. And as in previous periods, this was mostly from existing merchants. Processed volume for the period was EUR 105 billion with net revenues coming in at EUR 221 million. There's a lot to be excited about as macro trends continue to benefit us, including an increasing cross-border commerce and a general shift away from cash to
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