Report
Amira Manai ...
  • Nicolas Thorez

Sidetrade : Solid 2023 results and outlook (attractive) for 2024 confirmed

>A good set of 2023 results with a marked improvement in profitability - Sidetrade has published solid 2023 results and a shade above forecasts. For sales (already published) of € 43.7m, up 19% (of which +15% org. on our calculations), the group has reported EBIT growth of 58% to € 5.8m (vs ODDO BHF at € 5.5m). This implies an operating margin of 13% (vs ODDO BHF at 12.5%), an improvement of +300bp vs N-1, with a solid performance in H2 (EBIT margin of around 14.5%). ...
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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