|Revenue* (in € millions)|
*The 2016 data is consolidated and unaudited.
In Q1 2016, Sidetrade Group generated consolidated revenue of €4.3 million, representing year-on-year growth of 14%.
Sidetrade Group posted very strong organic growth over the opening three months of the year.
Success of the Cloud: 12 million invoices processed (+20%)
The Sidetrade Cloud continues to achieve very strong growth with volumes accelerating. Over 12 million invoices were processed via the Sidetrade platform over the first three months of 2016, a 20% increase.