Report
Amira Manai ...
  • Nicolas Thorez

Sidetrade : Robust H1 results at all levels: double-digit growth in the top line and bookings, strong improvement in profitability and good FCF generation

>H1 results better than expected thanks to good operating leverage - Sidetrade reported robust H1 results across the board that slightly exceeded expectations. On sales (already reported) of € 24.8m, up 19% (+15% organic), the group posted growth in EBIT of 44% to € 3.6m (vs ODDO BHF € 3.3m). This implies an operating margin of 14.5%, an improvement of +250bp compared with N-1. This performance is due to operating leverage on growth and good management of opex, despit...
Underlying
Sidetrade SA

Sidetrade Sa. Sidetrade SA is a France-based software publishing company. It supplies companies with predictive analytics for managing the Business-to-Cash cycle. The Company's Cloud technology, complementary to enterprise resource planning (ERP) provides Finance Departments with a management console, offering visibility of the customer relationship and control and forecasting of financial flows. The Company offers four technology solutions: Sidetrade Network (Intelligent Credit Management Software), Sidetrade Mobile (Financial Management Mobile Application), Digital Collection (Interactive Digital Invoice Dunning) and Euler Hermes Intelligence (Customer risk management application). In addition, Sidetrade SA offers such services as consultancy, outsourcing, audit, and litigation recovery. With customers of all sizes and from all sectors from around 65 countries, it enables approximately 100,000 users to collaborate via its Cloud and accelerate cash-flow generation. It operates through C-Radar.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Amira Manai

Nicolas Thorez

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