Columbus Interim report for Q3 2022
”Despite rapid changes in the macro-economic environment, we delivered a satisfactory Q3 driven by immense effort in all our Business Lines and Market Units. We will continue to focus on increasing efficiency to improve EBITDA margin further”, says CEO & President Søren Krogh Knudsen.
Q3 2022 highlights
- Revenue growth of 9% amounting to DKK 334m
- EBITDA amounts to DKK 16m
- Efficiency of 61% in a quarter with summer vacation
- Our new CFO Brian Iversen joined Columbus
- Merge of Project and Care Business Lines
- Pricing and cost initiatives start materializing
- Launch of new sustainability strategy
Q3 2022 YTD highlights
- Revenue growth of 7% amounting to DKK 1,117m
- EBITDA amounted to DKK 62m which is on par with 2021
- Pricing and cost initiatives initiated
- Improved efficiency
- Stable number of employees
Outlook updated
On 14 November 2022, the financial full-year guidance for 2022 was updated:
- Revenue guidance is specified to DKK ~1,525m, a growth of 8%.
- EBITDA is adjusted to DKK ~100m, a growth of 12%.
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About Columbus Global
Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,500 digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale
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Latest releases from Columbus Global
Columbus delivers 14% revenue growth in Q1 20248.5.2024 09:16:25 CEST | Pressemeddelelse
Columbus is well off to a good start in 2024 with 14% growth in Q1, primarily driven by the strong performance in the Cloud ERP business and a positive development in the Danish and UK markets, which have more than compensated for the uncertainty in the Norwegian and Swedish markets. Columbus has thus achieved a satisfactory result and maintains the financial expectations for the year.
Columbus surpasses growth expectations13.3.2024 09:12:57 CET | Pressemeddelelse
Columbus surpassed its organic growth expectations in 2023, delivering growth of 11%, and 15% adjusted for currency and acquisition. The growth is expected to continue. The Company has set new goals for the future, aiming to continuously grow the top line by 10% annually and improve profitability to an EBITDA margin of 15% by the end of 2026.
New analysis of Columbus’ financial results for Q3 2023 and new strategy; New Heights4.12.2023 14:22:29 CET | Nyhed
The stock analysis firm, Aktieinfo, has just published an analysis of Columbus’ results for Q3 2023 and the newly published strategy - New Heights. The analysis concludes, among other things, that: "After ten consecutive quarters of growth and maintaining guidance for 2023 with organic growth expected to be between 8-12% and an EBITDA margin of 7.4-9.0%, Columbus concludes the strategic plan Focus23. All goals have been achieved. Now, new ambitious yet achievable goals are set for the period 2024-26, anticipating an annual average organic growth of 10% and a significant improvement in the EBITDA margin to 15% by 2026. Columbus is thus taking a step towards 'New Heights' for revenue, earnings, and stock prices." The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/7dc8b8dd-b686-4a70-8dc9-5b93f513aaa5
Columbus makes offer to acquire UK-based e-commerce consultancy30.11.2023 09:58:12 CET | Pressemeddelelse
Columbus A/S has submitted a conditional offer to acquire Endless Gain Ltd, a leading conversion rate optimization consultancy (CRO) focused on enhancing the digital customer experience for the UK retail industry
Strong Q3 Interim Report, new ambitious growth targets for 2024-2026 and new focus on Life Science15.11.2023 09:18:19 CET | Pressemeddelelse
In the third quarter of 2023, Columbus once again delivered impressive organic top-line growth of 15% (excluding acquisitions and currency), and the increase in operating profit (EBITDA) was as much as 28%. Columbus has created a solid foundation for the upcoming strategy period – New Heights – which in particular will focus on boosting profitability with an EBITDA margin of 15% by the end of 2026. Columbus expects 10% compounded annual growth in 2024 – 2026.
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