In his recent public press release the 10th of May, Alain Andreoli (CEO of CC-Hubwoo) reported that: “Consolidated revenues for the first quarter were 8.0 million euros, in line with the Group’s expectations. On a constant exchange basis, revenues for the first quarter were flat versus 2006. The company has previously announced that it expects to be cash-positive and profitable in 2007. The progress made during the first quarter in both cost control and revenue management allows the company to re-affirm this position.”
Overall, the press release is smartly underlining that CC-Hubwoo is on a good track to execute its plans as presented to the shareholders at the begin of the fiscal year 2007. Some news are really good. Here they are:
- Targeted revenue is reached,
- The company brought to market two major new products:an integrated e-invoicing capability and CSP (Complex Services), a functionality-rich set of applications allowing clients to manage complex contractual relationships with service providers,
- SAP (one of the top 5 biggest shareholders) is embracing – at last!- the on-demand market and might help further CC-Hubwoo in its development,
- Shareholders approve the implementation of a streamlined board structure, with the introduction of a single Board of Directors.
It looks like Mr. Andreoli has smoothly taken the drive, with verve. For that matter, here is an excellent presentation of CC-Hubwoo operational status and Procurement-knowledge, presented by Mr. Andreoli himself at ProcureCon.
One point though, is – voluntarily – omitted: The potential benefits and commercial leads from their partnership with Procuri is no-where mentioned. As I said in a former post… I personally don’t see the fit and business value of a true eSourcing + eProcurement partnership; more-over, it is well known that a non-justified diversification can be dangerous, business wise.
I am now awaiting eagerly for the next annoucement which shall make reference to their progress on their Supplier Network offering. Hopefully.
Dear Jean Philippe,
First let me congratulate you for the very high quality of information & comments posted on this site, this is great.
For your info, we just have published a press release for the acquisition of Intersourcs N.V.
Intrsources N.V. provides e-Sourcing & e-Procurement services to customers worldwide. This acquisition, fully compliant to the cc-hubwoo strategic plan, announced last September, allows the new company to become the expert of e-Purchasing. Please see the press release on http://www.cc-hubwoo.com.
In addition to this, it would be nice to know wether and how you would accept to speak sometime for conferences we could organise for our customers?
Please let me know and let’s talk about it
Xavier Lablancherie – Vice President Marketing, cc-hubwoo
Hi Xavier. Got the news and immediatly wrote a post about it.
When any need of me, feel free to contact me.