Sidetrade, a new year of double-digit growth, like for like

Revenue up 17% and Operating Profit up 44%

A new year of double-digit growth, like for like: Revenue up 17% and Operating Profit up 44%.

The solidness of Sidetrade’s SaaS model is expected to generate continued growth and profits in financial year 2020.

More than ever, cashflow is the lifeblood of business. 

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

"Over the last twenty years, we have ceaselessly built our company on solid foundations. Despite the impact and uncertainty of this crisis, our robust SaaS model is expected to continue delivering high growth and profitability in 2020, which, under the circumstances, would be a victory indeed. The period we are going through is a unique opportunity to demonstrate the resilience of our business model.

What’s more, the crisis is acting as a catalyst for a change that has been underway for nearly a decade: all digital has become the new normal. In this new paradigm, finance teams are the front line in ensuring cashflow, the lifeblood of their companies. More than ever, they are realizing that the latest AI technologies are essential tools to develop digital interactions with their customers and speed up payment. Sidetrade is actively preparing the business community to bounce back, since order-to-cash management is going to be a matter of survival in coming weeks and months.”

A new year of double-digit growth, like for like: Revenue up 17% and Operating Profit up 44%.

Sidetrade (million euros)	2019	2018	Variation
Like-for-like Revenue	25.7	22.1	+17%
B2C Services	-	2.0	-
Annual Revenue	25.7	24.1	+ 7%
Like-for-like Operating Profit	2.3	1.6	+44%
B2C Services	-	0.8	-
Operating Profit	2.3	2.3	-3%
Net Profit	2.2	2.2	+1%