Finance software firm Sidetrade H1 bookings more than double to record high

SideTrade SA

22/09/2026 16:53

Overview
France AI Order-to-Cash firm's H1 2026 revenue rose 19%, subscriptions up 23%
EBIT for H1 2026 rose 22%, net income up 15%
Record H1 bookings, with new ARR up 112% and longer contract terms

Outlook
Company expects strong H1 2026 bookings to drive revenue growth from Q4 2026 and into 2027
Sidetrade maintains target of over 50% of revenue from AI-native products by 2030
Company sees North America as a key driver of future revenue growth

Result Drivers
RECORD BOOKINGS - Co said H1 2026 saw €5.16 mln in new annual recurring subscriptions, up 112%, with longer contract terms and more new customers
AI-NATIVE PRODUCTS - Co said launch of new AI-native offerings contributed €1.02 mln in new ARR in Q2, representing 33% of new ARR signed
OPERATING LEVERAGE - Co said improved profitability was driven by cost discipline and operating efficiency, including €1 mln reduction in operating expenses

Company press release: ID:nGNE7yfmlz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income
 
EUR 4.70 mln
 
H1 Operating Income
 
EUR 5.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Sidetrade SA is €245.00, about 33.9% above its September 21 closing price of €183.00
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

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Sept 21 - SocGen lifts profitability target, pledges cost cuts

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)