Hubwoo announces Financial Information 1st Half 2013August 29, 2013
- EBITDA* positive €2 M, up 53% as compared to H1 2012
- EBIT** and free cash-flow positive
PARIS – August 29, 2013 – Hubwoo (Euronext: HBW.NX), a leading collaborative business network provider, today announced financial information for H1 2013, in accordance with the “European Transparency Obligations Directive” financial disclosure requirements.
Greg Mark, Hubwoo Chairman and CEO, commented: “We are pleased today to announce our audited profitability indicators for the first half of 2013, following the quarter-over-quarter revenue growth we announced at the end of Q2. The Company has made significant strides in turning around its financial performance following the impacts of merger and acquisition activity in our industry in 2012 and Hubwoo’s subsequent re-launching, re-branding, and re-building of our sales pipeline. We remain committed to multi-enterprise collaborative business process innovation in the cloud and continue to invest in The Business Network by Hubwoo.”