Quarterly Report Q2 2024: Satisfactory Result – Full Focus to reach EBITDA15 goal
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
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
Katrine Fleron Qvant joins Columbus as new People Director for Denmark8.9.2025 09:26:03 CEST | Pressemeddelelse
Katrine Fleron Qvant has joined Columbus as new People Director for Denmark. Katrine brings deep experience in strategic HR leadership, organisational development, and culture building.
Successful UK leader Chris Mean is appointed new CEO for Columbus in the US3.9.2025 08:45:24 CEST | Pressemeddelelse
With over 20 years of experience within the company, Chris Mean, CEO for Columbus UK, will now take on the additional role of CEO for Columbus US. This strategic move is to strengthen the collaboration between Europe and the US further.
Columbus is a member of the Microsoft Inner Circle for the 20th year in a row2.9.2025 13:23:04 CEST | Pressemeddelelse
Microsoft recently announced the 2025/2026 members for Microsoft Inner Circle for AI Business Solutions, and once more, Columbus is one of the selected partners. That places the company among the top 1% of Microsoft’s most strategic partners worldwide.
Columbus recruits senior PR profile as new Corporate Communication lead1.9.2025 14:05:11 CEST | Pressemeddelelse
Columbus has appointed Marthina Elmqvist as its new Corporate Communication Lead, reinforcing the company’s commitment to strengthening brand visibility on a global scale.
Q2 shaped by market caution – strategy execution drives resilience21.8.2025 09:27:07 CEST | Pressemeddelelse
In Q2 2025, Columbus navigated in a market characterized by continued caution and slower decision-making, particularly in the Nordics. Revenue decreased by 4% to DKK 410m, and the EBITDA margin ended at 4.0%. Q2 performance was below expectations, and 2025 guidance was adjusted to reflect market conditions, with growth expected to return in the second half of the year.
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.
Besøg vores nyhedsrum