Sidetrade

2020 Annual Results (+55%)

Very strong growth in Income (+14%), in Operating Profit (+55%) and in Net Profit (+55%)

Reinforced financial structure
Acceleration of Fusion100 plan via Amalto acquisition and confirmation of the ambition to reach a turnover of $100M by 2025

Sidetrade (Euronext Growth: ALBFR.PA), the AI-powered Order-to-Cash platform, announces another year of impressive growth, with revenue up 14% in 2020, and a dramatic 55% increase in net earnings. 

Olivier Novasque, Chairman and CEO of Sidetrade, comments:

"2020 will be remembered as the year when an unprecedented crisis put the resilience of business models to a grueling test. To ride out the crisis, two requirements became urgent as never before: accelerate digital transition, and safeguard cash flow. For Sidetrade, 2020 was a banner year, with outstanding performance in sales and net earnings, along with overall strengthening of our financial structure. Never have we been so strong, and so ready to play a major role in the Order-to-Cash (O2C) market, which represents a potential of $10bn, given that less than 5% of businesses which would benefit from O2C technology are actually equipped with it.

“For Sidetrade, the particular conditions of the year acted as a powerful catalyst for carrying out our Fusion100 strategic growth plan. Sidetrade has an undeniable technological lead in AI-powered O2C solutions, based on over $2,400bn in B2B transactions in our cloud. Moreover, now that we are integrating the unmatched performance of Amalto’s paperless B2B exchange solutions, Sidetrade is well-positioned as the partner of choice for world-class businesses.

“More than ever, we are absolutely confident in the pursuit of our profitable growth trajectory. We will not stray from our Fusion100 plan of reaching sales of $100m by the year 2025. We have what it takes to be a global champion in a booming market.”

Another year of double-digit growth: revenue up 14% and results up 55%

Sidetrade (million euros)	2020	2019	Variation
Annual Revenue	29.2	25.7	+14%
Operating Profit	3.6	2.3	+55%
Net Profit	3.4	2.2	+55%