Proactis SA — Earnings Release 2016

Apr 28, 2016

Hubwoo Announces Financial Information for Q1 2016

SaaS (**) revenue stable as compared to Q1 2015 (-1%)

Paris – April 28th, 2016 – Hubwoo (Euronext: HBW.NX), a leading provider of comprehensive spend management and business process collaboration solutions, today announced financial information for Q1 2016, in accordance with the "European Transparency Obligations Directive" financial disclosure requirements.

Revenues

(*) 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.

Revenue for the first quarter of 2016 shows a decline of 15% due to the one-off services component, in comparison to same quarter of 2015. Q1 2015 was particularly strong as consequence of a major new client implementation. The recurring revenue is stable in comparison to Q1 2015 (-1%) and Q4 2015 (+2%).

About Hubwoo (www.hubwoo.com), a Perfect Commerce 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, Honeywell, Shell, Evonik, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, Campbell's, Burton's Foods, and The Dow Chemical Company.

Hubwoo has major operations in Paris, Houston, Chicago, Bonn, London, Manilla, and Leuven. 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