Sidetrade SA ( (FR:ALBFR) ) has provided an update.
Sidetrade announced a significant 26% growth in its 2024 revenue, driven by a strong performance in the North American market and the strategic acquisition of SHS Viveon in Germany. The company’s operating margin increased by 45%, reaching over €8 million for the first time, and net profit rose by 40% to €7.9 million. The company is at the forefront of the AI agent revolution, with its AI agent Aimie set to enhance operational efficiency by autonomously managing various aspects of the financial cycle. This positions Sidetrade as a leader in the evolving AI landscape, with implications for companies that must adapt to these new AI paradigms or risk being outclassed.
More about Sidetrade SA
Sidetrade is a global leader in AI-based Order-to-Cash applications, focusing on leveraging artificial intelligence to optimize financial operations for businesses. The company has a strong presence in the North American and European markets, particularly after acquiring SHS Viveon, which bolstered its leadership in the European Order-to-Cash solutions sector.
YTD Price Performance: 10.45%
Average Trading Volume: 27
Technical Sentiment Signal: Sell
Current Market Cap: €329M
For a thorough assessment of ALBFR stock, go to TipRanks’ Stock Analysis page.