Columbus Global

Columbus Annual Report 2022: Investment in organic growth

2022 financial performance: Investment in organic growth

Columbus continued to grow revenue, which amounted to DKK 1,389m in 2022, corresponding to an increase of 9%. EBITDA increased by 3% to DKK 91.8m.

All major Business Lines and most Market Units contributed to the revenue growth, especially the strategic Business Lines Digital commerce, Data & Analytics and Customer Experience & Engagement delivered solid growth.

“We are satisfied with our results in 2022 delivering yet another year with organic growth. Our stronger position with larger customers and strengthened organization are the results of our focused growth strategy - but we also recognize that profitability must be improved in 2023”, says Chairman of the Board, Ib Kunøe

“Industry focus has truly proven its value and by the end of 2022 74% of our customers originated from our core industries. In 2023, we will also be selective in our new sales activities to further position Columbus as a trusted advisor for larger customers looking for integrity, proven track record and high levels of industry-specific expertise”, says CEO & President, Søren Krogh Knudsen.


Performance highlights 2022

  • Revenue growth of 9% amounting to DKK 1,389m
  • EBITDA amounted to DKK 91.8m
  • Recurring revenue amounted to DKK 192m, corresponding to an increase of 8%
  • Profit after tax amounted to DKK 30m
  • Efficiency of 63%

Operational highlights 2022

  • Our new CFO Brian Iversen joined Columbus
  • Divestment of Russian subsidiary
  • Launch of global customer development program
  • Improved efficiency in the Global Delivery Center in India
  • Merge of Project and Care Business Lines
  • Strengthening the Digital Advisory focus
  • Launch of new sustainability strategy
  • Continued focus on One-Columbus culture

Outlook for 2023

In 2023 we expect organic growth close to or above 10% and earnings improvements through enhanced efficiency and focus on contract profitability. Our full year guidance for 2023 is as follows:

  • Revenue expected to be in the range of DKK 1,500m – 1,550m, corresponding to a growth of 8-12%
  • EBITDA is expected to be in the range of DKK 115m – 135m corresponding to a margin of 7.4% - 9.0%.

In Q4 2023, we will launch our new strategy with long-term operational og financial goals.

For full details on performance, see Annual Report 2022.

Live webcast and conference call

Columbus is hosting a live webcast and conference call on 15 March 2023 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen.

Webcast: Please log in to the webcast via Columbus’ investor site where you can follow the presentation and submit your written questions during the call:

Conference call:

1. Participants are required to register in advance of the conference using the link provided below. Upon registering, each participant will be provided with Participant Dial In Numbers, and a unique Personal PIN.

2. In the 10 minutes prior to call start time, Participants will need to use the conference access information provided in the e-mail received at the point of registering. Participants may also use the call me feature instead of dialling the nearest dial in number.

Online Registration to the call:

For further information, please contact:

  • Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000
  • Tine Rasmussen, Communication Director,, Tel.: +45 2969 0677


About Columbus Global

Columbus Global
Columbus Global
Lautrupvang 6
2750 Ballerup

About Columbus 

Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,550+ 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 Columbus A/S is listed on Nasdaq Copenhagen – COLUM  

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Latest releases from Columbus Global

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):

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.

New analysis of Columbus’ financial result for Q2 2023 published by Aktieinfo31.8.2023 12:16:10 CEST | Pressemeddelelse

The analysis concludes, among other things, that: Columbus delivers what is promised. Growth adjusted for acquisition and currency was achieved with 16% in the second quarter (19% adjusted for currency and including acquisitions) and 14% in the first half of the year. In the second quarter, Columbus managed to invoice 70% of the consultants' hours. This testifies increased efficiency, which is one of the goals of the Focus23 strategy. With the execution of the Focus23 strategy, Columbus appears stringent and focused on servicing the core customer group. The analysis can we found here (in Danish):

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