Columbus delivers 23% EBITDA growth in Q2

The financial statement for the first half of the year showed revenue on par with last year with a decrease of 1% (DKK 969m) and EBITDA growth of 2% (DKK 104m). Columbus is satisfied with the result, which was delivered despite the COVID-19 pandemic. In Q2 isolated, revenue decreased by 7% which was compensated by cost savings resulting in an EBITDA growth of 23%.
“I am proud that despite operating in uncertain times, we managed to deliver a Q2 with 23% EBITDA growth. I am impressed by the fighting spirit and readiness for change we have seen at our customers and internally. As a global digitalization company, we are ready to seize the digital market opportunities ahead of us”, says CEO & President, Thomas Honoré.
Columbus delivered progress in key areas such as Dynamics Sweden, Columbus Care (Application Management Services) and Columbus Cloud services. At the same time, Columbus managed to adapt the business to service customers 100% remotely.
Since the outbreak of the COVID-19, Columbus has experienced customers holding back new investments due to temporary production or sales decrease as a direct consequence of the pandemic. On the other hand, there has also been an increase in the demand for cloud, e-commerce, remote working and security solutions.
“We are convinced that more companies will see the benefits of increased digitalization in more areas, such as increased productivity, work-life balance, lower costs and less carbon footprint”, says Thomas Honoré.
Columbus has adapted the capacity across business segments to meet the temporary decline in demand. In addition, Columbus is monitoring resource allocation and increasing global sourcing. Columbus has also used various COVID-19 aid packages around the world and the Executive Board and the Board of Directors have reduced their salary by 30% for the remaining of 2020.
Financial highlights for Q2 2020:
- Revenue declined by 7%, amounting to DKK 459m as a consequence of COVID-19
- EBITDA improved by 23% to DKK 50m due to adjusted cost and capacity
- Columbus Software same level as last year
- Columbus Cloud services grew by 48% due to the cloud conversion
- Columbus Care grew by 18%, stating the need for business stability
- Recurring Revenue improved by 2% constituting 27% of revenue
Outlook for 2020
Based on the financial performance in H1, current order book and pipeline forecast, the guidance for full-year 2020 is as follows:
- Revenue expected to be in the range of DKK 1.750m and DKK 1.850m.
- EBITDA expected to be in the range of DKK 175m and DKK 185m.
Keywords
Contacts
Communications Director
Tine Rasmussen
tra@columbusglobal.com
+45 29 69 06 77
Images
About Columbus Global
Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,500 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
Subscribe to releases from Columbus Global
Subscribe to all the latest releases from Columbus Global by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Columbus Global
Infor and Columbus announce strategic partnership in Benelux20.6.2025 14:45:39 CEST | Pressemeddelelse
Successful collaboration in the Nordics and Germany forms foundation for accelerating digital transformation in food and beverage, distribution, manufacturing and fashion industries Infor, a global leader in industry-specific cloud software, and Columbus, a leading company in digital transformation, announce a strategic partnership in the Benelux region. Building on a proven track record of success in the United States, Northern Europe and Germany, this collaboration aims to drive business value in the food and beverage, distribution, manufacturing, fashion and retail sectors.
Columbus grows EBITDA by 32% in Q1 20258.5.2025 09:23:10 CEST | Pressemeddelelse
Columbus delivered a solid start to 2025, driven by improved earnings, confirming the robustness of the company’s strategy and business model. Despite a slight decline in revenue, the company achieved a 32% improvement in EBITDA and significantly strengthened its profitability, increasing the EBITDA margin to 10.7% compared to 7.9% in Q1 2024, adjusted for the extraordinary gain of DKK 20m from the M3CS legal case.
Columbus expands in Sweden with key strategic hires29.4.2025 13:02:25 CEST | Pressemeddelelse
Columbus continues its growth journey in Sweden with three strategic hires, aimed at accelerating the development of its Data & AI business area and People support function. By welcoming Susanna Salwén as the new People Director in Sweden, Anna Sandell as the new Head of Data & AI in Sweden, and Jens Noring as Sales Manager for Data & AI Sweden, Columbus reinforces its leadership in the digital transformation of Swedish industry and commerce.
Columbus delivers solid growth and strengthened cash flow in 202413.3.2025 09:50:04 CET | Pressemeddelelse
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.
Columbus awarded Medius EMEA Partner of the Year 202411.2.2025 13:00:53 CET | Pressemeddelelse
Medius, a global supplier of cloud-based source-to-pay solutions, has the pleasure of announcing Columbus, an IT services and consulting company, the 2024 Medius Partner of the Year.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom