Sidetrade (ALBFR) Q2 2024 TU earnings summary

Executive summary

• Achieved record half-year bookings with €7.42 million in new Annual Contract Value (ACV), up 25% year-over-year.

• Revenue reached €24.8 million, a 19% increase compared to H1 2023.

• United States accounted for 45% of total bookings and saw revenue growth of 40%.

• International markets contributed 60% of total revenue, with 32% from North America.

• Management confirms double-digit sales growth outlook for 2024.

Financial highlights

• New SaaS subscriptions (ARR) rose 20% to €3.95 million; services bookings up 32% to €3.47 million.

• Total Contract Value (TCV) increased to €12.24 million from €10.87 million year-over-year.

• SaaS subscription revenue grew 18% to €20.5 million.

• Multinational contracts (ARR > €250,000) grew 34% and now represent 47% of total subscriptions.

• CreditPoint Software contributed €0.8 million in H1 2024 revenue.

Outlook and guidance

• Double-digit growth in sales reaffirmed for full-year 2024.

• Management expresses confidence in continued robust performance, supported by strong bookings and international expansion.