Sidetrade

2019 Annual Revenue up 17%, like for like, new ARR up a record 88%

Accelerated growth: revenue up 17%, like for like

New booked Annual Recurring Revenue up a record 88%

2020 outlook: a very promising, high growth market 

Olivier Novasque, CEO of Sidetrade, had this to say:

“Early 2019 saw the launch of Aimie, Sidetrade’s Artificial Intelligence platform, and the star of our Financials AI business. Aimie has been a resounding success. What’s more, with a spectacular 88% leap in new booked Annual Recurring Revenue, 2019 was a record year, with the signature of €5m worth of new annual subscription contracts. Beyond these figures, Aimie is the perfect tool for the increase in financial shared service centers in large companies. The challenge is daunting: collect payment from a massive volume of invoices and customers. The solution: drastically accelerate order-to-cash by using Aimie’s powerful algorithms to adapt follow-up action to individual customer payment behavior. Aimie is the proven way to boost the productivity, professionalism and performance of operational teams. This is a high-growth global market, and Sidetrade is confident in its ability to conquer it.”

Accelerated growth: revenue up 17%, like for like

Sidetrade (million euros)	2019	2018	Variation
Q1 Revenue	6.0	5.3	+ 14%
Q2 Revenue	6.6	5.6	+ 16%
Q3 Revenue	6.4	5.5	+ 17%
Q4 Revenue	6.7	5.7	+ 18%
Like-for-like Annual Revenue	25.7	22.1	+ 17%
B2C Services	-	2.0	-
Annual Revenue	25.7	24.1	+ 7%

2019 data is consolidated and unaudited.

2019 was Sidetrade’s fifth consecutive year of double-digit growth. Sidetrade’s annual revenue totaled €25.7m, representing remarkable organic growth of 17%, vs. 2018, like for like. Let us recall that Sidetrade revenue no longer includes B2C Services, since this business line was phased out, as announced in 2018.

This phenomenal sales growth was buoyed by the core Financials AI business, which reached €21.3m in 2019, up 17%. This acceleration reflects the attractiveness of the latest release of the Financials AI platform. Sales & Marketing AI activity is also growing steadily, up 17% in 2019.