Hubwoo announced unaudited consolidated revenue results for the fourth quarter and full year of 2012. For the quarter, the company reported consolidated revenue of EUR 8.0 million compared to EUR 9.5 million a year ago period. Revenue in the quarter suffered as last quarter from a challenging economic environment accentuated by competitive market conditions in which significant merger and acquisition announcements delayed prospects' business decisions for new projects.

For the full year, the company reported consolidated revenue of EUR 33.4 million compared to EUR 36.5 million a year ago period.