Hubwoo tightens its belt

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. Question mark for Europe.

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