Columbus delivers strong EBITDA growth in Q3 YTD
With an organic growth of 5% in Q3 and EBITDA growth of 48% in Q3 YTD, Columbus delivers a satisfactory result for the first 9 months, thus maintaining the expectations for the year.
Ballerup, 6 November 2019: Columbus closes the third quarter of the year with 5% organic growth on top of a satisfactory result for the first 9 months of the year The Group delivered a revenue of DKK 1.4bn in Q3 YTD, corresponding to an organic growth of 3% while EBITDA increased to DKK 165m, a growth of 48%.
Growth across business units
Columbus delivers growth across business areas, where especially cloud, Commerce, M3 and Columbus Care showed strong progress with double-digit growth. In Q3 isolated almost all business units delivered organic growth, where especially the business units Commerce and M3 showed strong progress with 17% and 18% growth.
"I am very satisfied with the announced results, as we have delivered organic growth and strong EBITDA growth. Overall, we see strong growth across our business units and in our new business areas within the 9 Doors to Digital Leadership® with new growth opportunities for us to pursue”, says CEO & President in Columbus, Thomas Honoré.
Growth in new business areas
The sale of new business areas continues to deliver progress, where especially Analytics & Business Insight and Customer Experience show great growth numbers. During Q3, Columbus launched more services addressing industry-specific business pain points.
The 9 Doors to Digital Leadership® means that Columbus can deliver end-to-end digital solutions which helps customers maximize, transform and future-proof the business digitally.
Maintains expectations to 2019
Columbus maintains the announced expectations to 2019 with a revenue in the level of DKK 2bn and EBITDA in the level of DKK 240m.
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About Columbus Global
Columbus is a global IT services and consulting company with more than 2,000 employees serving 5,000+ customers worldwide. Columbus helps ambitious companies to maximize, transform and futureproof their business digitally. Columbus’ innovative solutions and services portfolio 9 Doors to Digital Leadership® delivers end-to-end digital solutions like cloud ERP, Digital Commerce, Data & Analytics, and Application Management that address the lifecycle and sustainability demands of the retail, distribution, food, and manufacturing industries. Columbus was founded in 1989 and is headquartered in Denmark with offices and partners all over the world, delivering solutions and services locally—on a global scale.
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Latest releases from Columbus Global
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