Summary Highlights
Sustained double-digit revenue growth: +14%
Success of the Cloud: +26% in volumes processed
Confidence in the successful implementation of the 'Target25' plan
Sustained double-digit revenue growth: +14%
| Revenue* (in millions of euros) Sidetrade Group | 2015 | 2014 | Change |
| Q1 Revenue | 3.8 | 3.4 | +12% |
| Q2 Revenue | 4.1 | 3.6 | +14% |
| Q3 Revenue | 3.9 | 3.4 | +14% |
| First nine months ended 30 September 2015 | 11.8 | 10.4 | +14% |
*The 2015 data is consolidated and unaudited.
In the third quarter of 2015, Sidetrade generated consolidated revenue of €3.9 million, a year-on-year increase of 14%.
Sidetrade Group has posted three strong quarters and continues to enjoy robust quarterly organic growth, up +14% over the first nine months of 2015 versus +4% over the same period the previous year.
Success of the Cloud: +26% in volumes processed
The Sidetrade Cloud continues to achieve very strong growth with volumes accelerating. Over 33 million invoices were processed via the Sidetrade Network platform over the first nine months of 2015, a 26% increase.
Sidetrade won prestigious new accounts including Univar with implementation in 24 countries (UK, Ireland, Sweden, Denmark, Finland, Norway, Belgium, Netherlands, France, Portugal, Spain, Italy, Poland, Czech Republic, Slovakia, Hungary, Switzerland, Germany, Turkey, Egypt, Morocco, Greece, UAE, and Luxembourg), TF1 Publicité, and Moët Hennessy.
Outlook for 2015
Olivier Novasque, Chairman of Sidetrade Group, said:
"Following a good first half, we achieved a strong third quarter. The Group is actively engaged in implementing its Target25 plan and the first signs of stronger growth can already be seen."
Management confirms that 2015 will be a further year of growth.
