Tuesday 02 June 2020

Dutch payments processor Adyen is heading for the AEX: FD

Photo: DutchNews.nl

Dutch payments processor Adyen, which launched on the Amsterdam stock exchange in June, is set to move into the AEX blue chip index when it is rejigged next month, the Financieele Dagblad said.

Chemicals distribution group IMCD and maritime group SBM Offshore are also heading for the AEX, the paper said, based on its own calculations.

Tank storage group Vopak, the former Philips lighting division Signify, and cable group Altice Europe are poised to move down to the MidKap index.

The AEX is made up of 25 shares issued by the highest ranking companies in terms of free float market capitalisation. The formal rejig takes place on the third Friday in March.

Meanwhile, Adyen said on Wednesday that it had booked net profit of €83m in the second half of 2018, a rise of 90% on the year earlier period.

The explosive growth is due to the soaring number of online payments being made using its system, Adyen said.

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