2015 Annual Results

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Strong organic growth: Revenues up 14%

Success of the Cloud: 46 million invoices processed (+25%)

Net Profit: €1.6 million

Proposed dividend: €0.55 per share

Positive impact of the Target25 Plan

Strong organic growth: Revenues up 14%

CONSOLIDATED ACCOUNTS*
(MILLION EUROS) SIDETRADE GROUP
2015 2014 VARIATION (%)
TURNOVER 16.0 14.1 + 14%
OPERATING PROFIT 1.7 2.1 – 16%
PRE-TAX INCOME 1.7 2.0 – 17%
NET-RESULT 1.6 1.7 – 2%

*The consolidated accounts have been audited. The certification report will be issued following completion of the procedures required for the publication of the annual financial report.

In full-year 2015, Sidetrade Group generated revenues of €16 million, representing wholly organic growth of 14%. This performance, repeated quarter-on-quarter, reaffirms the success of its innovative offering and demonstrates its ability to build a leading market position in Cloud applications in the inter-company credit space.

Success of the Cloud: 46 million invoices processed (+25%)

In 2015, over 46 million invoices were processed in the Sidetrade Cloud, up 25% and representing in excess of €122 billion in inter-company flows.

Over the year, prestigious new accounts were added to the subscriber base including: XPO Logistics (formerly Norbert DentressangleLogistique) for a pan-European roll-out in 9 countries, Transgourmet, QMH UK, Vocalcom, Riwal France, BergeratMonnoyeur Belgium, Nutrisens, TF1 Publicité, Moët Hennessy, Louvre Hôtels, Sibelco, Talend and Univar with a roll-out in 24 countries.

Recurring income in the SaaS business resulting from these multi-year contracts ensures excellent visibility of medium-term income. Accordingly, the SaaS order book at 31 December 2015 stood at €21 million. This committed unrecognised income is not included in the Group income statement or balance sheet at end-2015.

Strong Net Profit: €1.6 million

Against a background of investment in France and abroad, the Operating Profit remained strong at €1.7 million in 2015 compared with €2.1 million in 2014. The 2015 Net Profit was almost unchanged at €1.6 million (- 2%).

At 31 December 2015, Sidetrade Group continued to have a strong balance sheet with €6.9 million in cash and €3.2 million in treasury stock. Sidetrade had no borrowings at this date. These financial resources will enable it to seize available growth opportunities.

Proposed dividend: €0.55 per share

Sidetrade has decided to maintain the payment of a dividend for 2015. At the Annual General Meeting the Board of Directors will propose the payment of a dividend of €0.55 per share.

Positive impact of the Target25 Plan

2015 saw sustained double-digit growth and positive transformation as a result of the Target 25 plan. The Group is currently one of the few French SaaS pure players to have exported its model, with 163 employees at 31 December 2015, 40% of whom are based abroad.

The Target25 plan also enabled Sidetrade to broaden its offering in the area of Predictive Analysis of inter-company financial flows, positioning itself as a strategic partner of Finance Departments.

Olivier Novasque, CEO and Chairman of Sidetrade Group, explains:

“Sidetrade Group passed a major milestone in its development in 2015, on the back of sustained investment, which included the opening of our subsidiary in the Netherlands. On the innovation front, we invested heavily in Big Data, taking advantage of the vast reservoir of data stored in our Cloud. We will shortly be able to provide companies with a disruptive technology in the sphere of financial CRM by offering predictive models over the ‘Business-to-Cash’ cycle from order taking to receipt of funds. In the second half of 2016, our R&D will culminate in the launch of the SPi Solution, the first inter-company smart payment platform. Based on analysing in excess of €320 billion in payment experiences recorded in our Cloud over the past 3 years, our Data Scientists have designed powerful machine learning algorithms, enabling the predictive analysis of the payment behaviour of several million companies. As a result of this major innovation, Sidetrade customers will enjoy a clear competitive advantage in terms of their understanding and forecasting of their customer financial flows, providing them with new growth opportunities. Sidetrade will thereby strengthen its technological edge, definitively positioning itself as the strategic partner of Finance Departments in the field of Business-to-Cash prediction.”

Management is confident it will be able to achieve growth in 2016.