Quarterly Report Q2 2024: Satisfactory Result – Full Focus to reach EBITDA15 goal
22.8.2024 09:08:34 CEST | Columbus Global | Pressemeddelelse
Revenue growth of 9%, EBITDA margin of 7%, and expectations maintained.
Columbus has today published the quarterly report for Q2 2024, which showed satisfactory development in the majority of our business with particular strong progress in our largest business area, Cloud ERP representing 75% of our operations. Group revenue increased by 9% during the period, in line with expectations, and the EBITDA margin ended at 7%. During the quarter, we implemented several efficiency measures in line with our strategic goal to raise the EBITDA margin to 15% by 2026. The full effect of these measures will be seen in Q4 2024. Expectations for 2024 are maintained.
“Columbus delivered a strong revenue growth of 9% in Q2 2024, primarily driven by our core business, Cloud ERP. The Danish and UK markets are performing particularly well, and we are also experiencing high demand for our solutions within Data & AI. In line with our strategic focus to raise the EBITDA margin to 15% by the end of 2026, we have implemented efficiency measures this quarter,” says CEO & President, Søren Krogh Knudsen.
Q2 2024 highlights
- Revenue growth of 9% amounting to DKK 427m (8% growth adjusted for acquisitions and currency).
- EBITDA amounted to DKK 30m. compared to DKK 18m in Q2 2023.
- EBITDA margin was 7.0% compared to 4.6% in Q2 2023.
- Efficiency of 63% in Q2 2024, compared to 66% in Q2 2023.
YTD 2024 highlights
- Revenue growth of 12% amounting to DKK 871m. 10% growth adjusted for acquisitions and currency.
- EBITDA amounted to DKK 85m (DKK 65m adjusted for the M3CS legal case in Q1 2024), compared to DKK 57m H1 2023.
- EBITDA margin was 9.8% compared to 7.3% in H1 2023. Adjusted for the M3CS case in Q1 2024, EBITDA margin was 7.5%.
- Efficiency of 63% in H1 2024, compared to 65% in H1 2023.
Key figures
Outlook 2024 maintained
Based on the development in the first half of 2024, our strong pipeline and order backlog, we maintain our 2024 expectations:
- Revenue guidance expected to be in the range of 8-10% organic growth
- EBITDA margin expected to be in the range of 9-10%
Read the full report here: https://ir.columbusglobal.com/news-releases/news-release-details/interim-report-q2-2024
Nøgleord
Kontakter
Tine Rasmussen
Tlf:29690677Tlf:29690677tra@columbusglobal.comFølg pressemeddelelser fra Columbus Global
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Columbus Global
Columbus achieves Microsoft Inner Circle status for 2026–202721.8.2026 10:00:00 CEST | Pressemeddelelse
Columbus is proud to announce that it has achieved 2026–2027 Inner Circle status for Microsoft AI Business Solutions, placing Columbus among a select group of Microsoft’s strategic AI Business Solutions partners from across the globe.
Columbus returns to growth in Q2 as customer activity picks up19.8.2026 09:15:48 CEST | Pressemeddelelse
Columbus delivered 2% revenue growth in the second quarter of 2026 supported by strong demand within Data & AI and Enterprise Information Management. Activity levels improved during the quarter, strengthening Columbus’ position going into the second half of the year. “The improving momentum towards the end of the first quarter continued into Q2, where we returned to revenue growth and saw stronger customer activity. Profitability is not yet where we want it to be, but we are encouraged by the development in our pipeline and remain focused on improving efficiency and project profitability,” says CEO & President Søren Krogh Knudsen. Return to revenue growth Revenue in Q2 2026 was DKK 420m (Q2 2025: DKK 410m), representing an increase of 2%, impacted by a slightly positive currency effect. Service revenue growth was driven by strong demand within Data & AI and Enterprise Information Management, which grew by 40% and 28%, respectively. Dynamics 365 also delivered growth of 1%, while M3 and
Columbus appoints Tristan Gwinnell as Director, Data & AI in the UK5.8.2026 09:30:00 CEST | Press release
Columbus is pleased to announce the appointment of Tristan Gwinnell as Director, Data & AI in the UK. As Columbus continues to expand and meet the demand of delivering exceptional value to customers across the UK, Tristan and the team will have focus on accelerating and driving delivery excellence.
Columbus partners with AI Sweden29.6.2026 09:52:20 CEST | Press release
Columbus joins AI Sweden, Sweden’s national centre for applied artificial intelligence, as a partner. Through this partnership, Columbus connects to a broad ecosystem of companies, public organisations, researchers and AI experts working together to accelerate the adoption and impact of AI across business and society.
New partnership to accelerate Dynamics 365 innovation through AI-powered test automation24.6.2026 09:51:17 CEST | Press release
A new partnership between Columbus and elevaite365 brings AI-powered test automation to help organisations accelerate innovation and reduce risk across Dynamics 365 environments.
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.
Besøg vores nyhedsrum