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