Columbus delivers solid growth and strengthened cash flow in 2024

Columbus continued its positive momentum in 2024 with a revenue growth of 8% to DKK 1,659m and a 30% increase in EBITDA to DKK 153m. The decline in the Swedish and Norwegian markets was more than compensated for in the Danish and English markets, and with a sharpened strategic focus and continued strengthened cash flow, Columbus is well-positioned for the future.

“2024 has been transformative for Columbus. Despite global uncertainties and weaker demand in Sweden and Norway, we delivered satisfactory results, demonstrating progress and adaptability. In 2025, we expect positive development in the Swedish market and organic growth in the range of 7-9% for the Columbus Group,“ says CEO Søren Krogh Knudsen.

Strategic progress and market expansion

Columbus’ strategy, New Heights 2024-2026, has established a solid foundation for growth. In 2024, Columbus strengthened its position in existing markets, expanded into new verticals, such as Life Science and attracted several key customers, including Schur, WindowMaster International SSI Diagnostica, and FedEx.

Our commitment to innovation was further recognized with prestigious awards, such as the Microsoft Danish Partner Award and the Optimizely Commerce Partner of the Year.

Improved profitability in line with the strategy
With the improved EBITDA margin of 9.2% (2023: 7.6%), Columbus is moving towards the ambition of an EBITDA margin of 15% by the end of 2026.

The growth is driven by a strong performance in the key Business Lines Dynamics (11%), Data & AI (15%) and Customer Experience & Engagement (29%). Digital Commerce encountered challenges, particularly in the Swedish market.

Columbus has strengthened its cash flow from operating activities through an enhanced operational focus and efficiency measures, including streamlining the organization.

In addition, the leadership team has been further strengthened. Katharina Hofman joined as Chief People Officer and Beatrice Silow joined as Chief Marketing Officer and Managing Director for Sweden.

Focus on the future
With an expected organic revenue growth of 7-9% in 2025 and an EBITDA margin of 10-12%, Columbus is well-positioned to seize new market opportunities and drive sustainable growth.

In January 2025, Columbus announced the initiation of a strategic review, which may lead to a change in ownership, merger or other consolidation.

“Columbus is now ready to take the next step in the company’s development. With a potential change in ownership, we will accelerate our growth and success further,” says Chairman of the Board, Ib Kunøe

Read the full Annual Report 2024 report here: https://ml-eu.globenewswire.com/Resource/Download/2ed456ac-83cc-416e-ac78-e5d8cbdb434e

Highlights 2024

• Revenue: DKK 1,659m (2023: DKK 1,540m), corresponding to a growth of 8%, and organically, 7%
• EBITDA: DKK 153m (2023: DKK 118m), corresponding to a growth of 30%
• EBITDA margin: 9.2% (2023: 7.6%)
• Cash flow from operating activities: DKK 136m (2023: DKK 77m), corresponding to a growth of 77%.