Sidetrade (ALBFR) Trading Update summary

Financial performance and growth drivers

• Achieved 26% annual revenue growth in 2024, reaching €55.0 million, with SaaS subscriptions up 22% to €45.5 million.

• New annual record for bookings: €12.73 million in ACV, up 13% year-over-year, with new ARR from subscriptions at €6.53 million (+6%) and services bookings at €6.2 million (+21%).

• Q4 2024 saw a 33% increase in subscription bookings and a 31% rise in total new ACV compared to Q4 2023.

• Organic growth remained strong, with revenue up 16% excluding the SHS Viveon acquisition.

• Services business grew 24%, driven by global deployment projects.

International expansion and customer base

• 65% of revenue now generated outside France, supported by the SHS Viveon acquisition and 70% of workforce based abroad.

• North America posted 36% revenue growth, accounting for €16.6 million and 46% of total bookings.

• Subscriptions from multinationals with over €2.5 billion in revenue grew 44%, now making up 50% of total subscriptions.

• 79% of subscription portfolio comes from companies with over €1 billion in revenue.

• Northern Europe, led by the UK, saw a 20% increase in subscriptions, indicating further growth potential.

Strategic initiatives and operational highlights

• Acquisition of SHS Viveon accelerated growth, contributing €4.4 million in H2 2024 and expanding presence in the DACH region.

• All multi-year contracts indexed to inflation, ensuring annual price adjustments without renegotiation.

• Focused 2025 investments on North America to capitalize on strong market momentum.

• Bookings composition: 63% new business, 18% cross-selling, 19% upselling.