Columbus Interim report for Q3 2022
15.11.2022 09:50:54 CET | Columbus Global | Press release
”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 1,400 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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