Columbus Interim report for Q3 2022
”Despite rapid changes in the macro-economic environment, we delivered a satisfactory Q3 driven by immense effort in all our Business Lines and Market Units. We will continue to focus on increasing efficiency to improve EBITDA margin further”, says CEO & President Søren Krogh Knudsen.
Q3 2022 highlights
- Revenue growth of 9% amounting to DKK 334m
- EBITDA amounts to DKK 16m
- Efficiency of 61% in a quarter with summer vacation
- Our new CFO Brian Iversen joined Columbus
- Merge of Project and Care Business Lines
- Pricing and cost initiatives start materializing
- Launch of new sustainability strategy
Q3 2022 YTD highlights
- Revenue growth of 7% amounting to DKK 1,117m
- EBITDA amounted to DKK 62m which is on par with 2021
- Pricing and cost initiatives initiated
- Improved efficiency
- Stable number of employees
Outlook updated
On 14 November 2022, the financial full-year guidance for 2022 was updated:
- Revenue guidance is specified to DKK ~1,525m, a growth of 8%.
- EBITDA is adjusted to DKK ~100m, a growth of 12%.
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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
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Latest releases from Columbus Global
Columbus launches sustainability report for 202215.3.2023 14:37:05 CET | Press release
2022 was a year of great progress on our journey towards a more sustainable Columbus. We launched our ambitious sustainability strategy, which addresses the needs of our customers and our employees.
Columbus Annual Report 2022: Investment in organic growth15.3.2023 09:43:46 CET | Press release
2022 financial performance: Investment in organic growth
Erling Schjetne takes over as global Business Line Executive for Digital Commerce in Columbus.15.12.2022 12:09:36 CET | Press release
He has previously led Digital Commerce in Norway and Poland in the period 2014-2020. Erling (right) will have the position in addition to his current role as Market Unit Director in Columbus Norway. “Erling has delivered great results in the Norwegian market unit and knows the Digital Commerce business and culture from within. I feel very confident that he will succeed in energizing the organization in Digital Commerce and solidify our position as a market leader in Scandinavia” says Columbus CEO, Søren Krogh Knudsen. The last two years Digital Commerce has had an average growth of more than18 percent and now has 232 employees, a growth of more than 60 percent in the same time period. It is especially in the Swedish and Norwegian market where the growth has been strongest. “I am excited to get the opportunity to lead an amazing organization showing enormous drive in creating success for our customers by developing new competencies and delivering exciting new products, services and high
New analysis of Columbus' financial result for Q3 2022 published by Aktieinfo1.12.2022 15:49:17 CET | Press release
The analysis concludes, among other things, that "Columbus has all odds for a good future, however this requires successful execution of the Focus23 plan. Aktieinfo believes that Columbus will succeed and therefore we see a good long-term potential in the share". The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/b94edc59-e656-40e1-95e6-5523f0e91617
New analysis of Columbus' financial result for Q2 2022 published by Aktieinfo19.9.2022 00:00:00 CEST | Press release
The analysis concludes, among other things, that "Columbus has reached half way through the period of the strategy Focus23. The focus is on large customers with international activities i the core in the key segments food, retail and manufacturing. The business model is thus made more stringent and focused on a few segments where Columbus possesses great experience and strong skills". The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/c56fdf6a-6b04-4231-a6e2-fcaa8269ac50
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