• Hubwoo : Financial information for Q4 2016

    Source: Nasdaq GlobeNewswire / 30 Jan 2017 12:00:37   Eastern Standard Time

    Hubwoo Announces Financial Information for Q4 2016

    Paris - January 30th, 2017 - Hubwoo (Euronext: HBW.NX), a leading provider of comprehensive spend management and business process collaboration solutions, today announced financial information for Q4 2016, in accordance with the "European Transparency Obligations Directive" financial disclosure requirements.

    Financial data

    in € million   Q1 2015 Q1 2016 Q2 2015 Q2 2016 Q3 2015 Q3 2016 Q4 2015 Q4 2016   % Change
    2016 / 2015 (*)
      2015   2016   % Change
    2016 / 2015 (*)
                                       
    Consolidated Revenue   6.7 5.7 6.2 5.3 5.7 4.8 5.8 4.8   -18%   24.5   20.6   -16%
    SaaS (**)   5.3 5.3 5.2 4.8 5.0 4.3 5.2 4.4   -16%   20.7   18.7   -10%
    Services   1.5 0.5 1.0 0.5 0.7 0.4 0.7 0.4   -35%   3.8   1.8   -51%
     (Non-Audited Figures)                                
    (*) Percentages calculated on exact numbers, not the rounded numbers shown
    (**) SaaS is a model of delivering technology where a software solution is hosted (cloud computing) as a service for its customers.
    Clients do not buy the technology but pay a subscription fee to use it.
                       

      

    Revenue for the fourth quarter of 2016 is stable in comparison to Q3 2016, in both components SaaS (**) and Services.
    On the FY trend, the comparison with 2015 confirms the anticipated decline on the SaaS component as a consequence of the end of customer contracts as part of the technology transition that the company has been experiencing over the last several quarters. The one-off services component reflects the current sizing of the Professional Services organisation.
      

    About Hubwoo (www.hubwoo.com), a Perfect Commerce Company

    Hubwoo connects companies by providing comprehensive, cloud-based spend management and collaborative business process automation solutions for both goods and services, through The Business Network. Our solutions integrate with any ERP or procurement system, providing our customers with an easy to use solution which drives adoption, compliance and savings.

    Significant customers include BASF, Honeywell, Shell, Evonik, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, Campbell's, and The Dow Chemical Company. 
    Hubwoo has major operations in Paris, Houston, Bonn, London, and Manilla. Listed in Compartment C on the Euronext Paris Eurolist.
    ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP

    Contacts

    Tel: +33 (0)1 53 25 55 00
    E-mail: investorcontact@hubwoo.com




    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Hubwoo via Globenewswire