Sidetrade (ALBFR) H1 2024 earnings summary

Executive summary

• Achieved record half-year bookings with €7.42 million in new ACV, up 25% year-over-year.

• Revenue grew 19% to €24.8 million, with SaaS subscriptions up 18%.

• Net profit surged 64% to €3.6 million, reflecting strong operational leverage.

• International markets contributed 60% of revenue, with the US accounting for 32%.

• Acquisition of SHS Viveon AG strengthens position in the DACH region.

Financial highlights

• Revenue: €24.8 million in H1 2024 vs. €20.9 million in H1 2023 (+19%).

• SaaS subscriptions: €20.5 million (+18% year-over-year).

• Gross margin: €19.9 million, 80% of revenue (vs. 81% prior year).

• Operating margin: €3.6 million, 15% of revenue (up from 12%).

• Net profit: €3.6 million, up from €2.2 million (+64%).

Outlook and guidance

• Focus on becoming the global leader in Generative AI-powered Order-to-Cash applications.

• Continued expansion in the US and DACH region, leveraging SHS Viveon AG acquisition.

• Committed to Fusion 100 strategic plan, targeting $100 million revenue by end of 2026.