Apr 02

Hubwoo tightens its belt

B2B Marketplaces, eProcurement    ©2009 Jean-Philippe Massin, 1,039 views No Comments »

In its latest press release (March 09) Hubwoo announced and detailed following taglines:

2008 Results: Revenue €31.8M, EBITDA -€4.6M, Net earnings -€10M
Greg Mark to replace Mark Williams as CEO
Q1’09 outlook of €9M revenue and EBITDA positive confirmed

Reading between the lines, Hubwoo’s future looks relies on the confirmation of its successful 2008 track record in US. [...]