Brief: Sidetrade FY Revenue Up 14% At 29.2 Million Euros

SideTrade SA

26/01/2021 16:30

Jan 26 (Reuters) - SIDETRADE SA  ALBFR.PA 
    * FY REVENUE EUR 29.2 MILLION VERSUS EUR 25.7 MILLION YEAR
AGO
    * TARGETS OVER 2021-2025 AVERAGE ANNUAL GROWTH RATE (AAGR)
BETWEEN
20 AND 25%
    * LAUNCH OF "FUSION100" STRATEGIC PLAN
    * PLAN SHOULD ENABLE CO TO REACH TARGET TURNOVER OF $100
MILLION
IN 2025 (EUR 82 MILLION)
    * WILL INAUGURATE 2ND TECH HUB IN FRANCE, FOLLOWING UK HUB
IN FEB.
2020
    * FUSION100: EXPANSION: AIMS TO STRENGTHEN POSITION AS NO. 1
IN
EUROPE, JOIN TOP 3 IN U.S.
    * INVESTMENTS ON SALES FORCE TO GROW FROM EUR 10 MILLION IN
2020
TO EUR 15 MILLION IN 2022
    * FUSION100: AIMS TO SEIZE ANY TARGETED EXTERNAL GROWTH
OPPORTUNITY IN LINE WITH OTHER STRATEGIC PILLARS
    * WITH VIRTUALLY NO DEBT AND NEARLY EUR 25 MILLION AVAILABLE
CASH
TO DATE, CO HAS FINANCIAL MEANS TO SEIZE EXTERNAL GROWTH
OPPORTUNITIES
    * COMMERCIAL, MARKETING TEAM SHOULD QUICKLY REACH STAFF OF
20 IN
2021, AND INVESTMENT PROGRAMME WORTH $10 MILLION (EUR 8.8
MILLION) FOR NEXT 24 MONTHS
    * SIDETRADE'S FUNDAMENTALS HAVE NEVER BEEN SO SOLID, PROVIDE
US
WITH FINANCIAL MEANS TO ACHIEVE OUR AMBITIONS - CEO
    * RECORD Q4 ORDER INTAKE, UP 31%

Source text for Eikon:  ID:nNDLK1Jhq 
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