Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Wednesday, 31 January 2018

Hubwoo : 2017 Revenues

Hubwoo    

Published: 19:00 CET 31-01-2018 /GlobeNewswire /Source: Hubwoo / : HBW /ISIN: FR0004052561


 

Hubwoo Announces Financial Information for Q4 2017

 

Paris - January 31rst, 2018 - Hubwoo (Euronext: HBW.NX), a leading provider of comprehensive spend management and business process collaboration solutions, today announced financial information for Q4 2017, in accordance with the "European Transparency Obligations Directive" financial disclosure requirements.

It is reminded that the ending of the financial year which began on January 1st, 2017 has been postponed to July 31st, 2018. The present announcement is released in accordance with the previous calendar of Hubwoo.

 

 

 

Financial data

 

 

in € million

 

Q1 2016

Q1 2017

Q2 2016

Q2 2017

Q3 2016

Q3 2017

Q4 2016

Q4 2017

 

% Change
2017 / 2016 (*)

 

2016

 

2017

 

% Change
2017 / 2016 (*)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Revenue

 

5,7

4,6

5,3

4,7

4,8

4,4

4,8

4,3

 

-10%

 

20,6

 

17,9

 

-13%

SaaS (**)

 

5,3

4,2

4,8

4,4

4,3

4,2

4,4

4,0

 

-7%

 

18,7

 

16,8

 

-10%

Services

 

0,5

0,4

0,5

0,3

0,4

0,2

0,4

0,2

 

-42%

 

1,8

 

1,2

 

-37%

 (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.

 

 

 

 

 

 

 

 

 

 

 

 

On the FY 2017 trend, the comparison with 2016 confirms the continued and anticipated decline on the SaaS component as a consequence of the tail off of revenue from customer contracts terminated, largely, in earlier financial periods following a fundamental shift in market dynamics several years ago which had adverse consequences on the growth prospects of the business under its previous strategy.  The rate of customer loss has, more recently, slowed.  The business was necessarily restructured to build an organisation that could be profitable at this reduced revenue level. The services revenue component reflects the current level activity on implementation projects.

  

 

About Hubwoo (www.hubwoo.com), a Proactis 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, Evonik, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, 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

 

 



Hubwoo : 2017 Revenues



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Hubwoo, 11-15, rue Saint-Georges, Paris 75009, France
If you would like to unsubscribe and stop receiving these e-mails click here.