Sidetrade (ALBFR) H2 2024 earnings summary

Executive summary

• Achieved 26% year-over-year revenue growth to €55.0 million, driven by strong SaaS subscription growth and the acquisition of SHS Viveon.

• Net profit surged 40% to €7.9 million, with operating margin up 45% to €8.4 million, exceeding 15% of revenue.

• Major expansion in North America (36% revenue growth) and strengthened leadership in Europe through SHS Viveon acquisition.

• Recognized for ESG commitment with Platinum by EthiFinance and Silver by EcoVadis.

Financial highlights

• Revenue: €55.0 million (+26% year-over-year), including €4.4 million from SHS Viveon.

• SaaS subscriptions: €45.5 million (+22%), with €3.0 million recurring from SHS Viveon.

• Gross margin: €43.1 million (+22%), with consolidated gross margin rate at 78%.

• Operating margin: €8.4 million (+45%), representing 15% of revenue.

• Net profit: €7.9 million (+40%).

• Operating cash flow: €9.6 million, supporting the SHS Viveon acquisition.

Outlook and guidance

• Confident outlook for 2025, supported by strong financial position and continued investment in AI innovation.

• Plans to launch next-generation AI agent in 2025, aiming to redefine operational autonomy.