+25% of Bookings, +19% of Revenue for H1 2024 - Seite 2

  

All-time performance for half-year bookings: ACV up 25% 

Sidetrade (€m)	H1 2024	H1 2023	Change
New SaaS subscriptions (New ARR)	3.95	3.30	+20%
Services bookings	3.47	2.62	+32%
New Annual Contract Value (ACV)	7.42	5.92	+25%

2024 information is from consolidated, unaudited data.

In H1 2024, Sidetrade set another record for bookings, adding €7.42 million in new Annual Contract Value (ACV) versus €5.92 million in H1 2023, representing a substantial increase of 25%. It should be noted that H1 2023, which saw growth of 21% versus H1 2022 (€4.81 million), already turned in the Company’s best performance to date in ACV terms, representing a challenging base effect. On balance, between H1 2022 and H1 2024, Sidetrade reported an increase of more than 54% in its ability to win new bookings.

This first-half performance is partly due to the Company’s success in North America since it represents new ACV of €3.34 million, accounting for 45% of total bookings. Sidetrade’s development model now shows a near-perfect balance between North America (45%) and Europe (55%). Within Europe, France accounted for 31% of total bookings, serving as a relative contributor to Sidetrade’s future growth.

In H1 2024, the initial contract period for new customers (excluding renewals) rose to 45 months (vs. 44.8 months a year earlier), considerably above SaaS industry peers who generally run contract periods between 24 and 36 months. This is a clear testament to new customers’ confidence in Sidetrade’s solutions despite prevailing economic and political uncertainties. Looking to the quarters and years ahead, new customers’ binding contract period serves to increase the Company revenue model’s predictability and resilience.

New SaaS bookings (New ARR) totaled €3.95 million, up 20% on H1 2023 (€3.30 million), reaching an unprecedented level for a first half in Sidetrade's history, even though Q2 2023 remains the best-performing single quarter to date in terms of bookings. Q1 and Q2 2024 recorded more regular and steadier new SaaS bookings compared to the same periods last year, posting €1.85 million (Q1 2024) and €2.10 million (Q2 2024) versus €0.89 million (Q1 2023) and €2.41 million (Q2 2023).