Columbus Q1 2021: EBITDA growth of 40%
Columbus has come off to a strong start of the year with EBITDA growth of 40% and an improved EBITDA margin of 13%. Columbus maintains the expectations for 2021.
Despite an overall decline in revenue of 8%, amounting to DKK 421m, Columbus delivered a strong EBITDA result in Q1 2021 of DKK 55m, corresponding to an increase of 40% and an increased EBTIDA margin of 13%, rising from 8.6%. The positive development is due to high efficiency in the consultancy business as well as tight cost control and lower travel cost.
The revenue development covers solid progress in the strategic business areas; Digital Commerce, Data & Analytics, and Customer Experience – as well as Columbus’ Norwegian business unit delivering a strong quarter.
Performance highlights for Q1 2021
- Revenue declined by 8% in Q1 2021 to DKK 421m (Q1 2020: 457m)
- EBITDA increased by 40% in Q1 2021 to DKK 55m (Q1 2020: 39m)
- Record-high EBITDA margin of 13% due to high utilization in our consultancy business
- Extraordinary dividend payout of DKK 6 per share, corresponding to DKK 776m
Columbus maintains the expectations for 2021
During Q4, Columbus began to see the market picking up, and therefore Columbus started onboarding people which is expected throughout 2021. In Q1 2020 market demand has significantly increased and Columbus has built a solid pipeline with expected growth for Q2 2021 across the business. Columbus’ outlook for full-year 2021 will remain unchanged as follows:
- Revenue is expected to be in the range of DKK 1,650m and DKK 1,800m.
- EBITDA is expected to be in the range of DKK 125m and DKK 150m.
Søren Krogh Knudsen will be joining Columbus 7 June 2021
The divestment of the software company, To-Increase was completed on 26 January and end of March Columbus announced the divestments of the Baltic companies in Estonia and Lithuania. These were important milestones in executing our Focus23 strategy as well as the global re-organizing towards a more customer-centric and simplified operation. Columbus’ ambition is to become digital advisors for larger customers driving increased customer value.
Søren Krogh Knudsen will join Columbus on 7 June 2021 as CEO & President and will with his background within the management consultancy industry and change management together with the existing management group drive the implementation of the Focus23 strategy with the goal of gradually increasing organic revenue to minimum 10% annually from 2023.
“Despite an overall decline in revenue of 8% in the first quarter of 2021, Columbus delivered a significant EBITDA growth of 40%. With a profitable result, the initial execution of Focus23 in Q1, and the forthcoming onboarding of our new CEO Søren Krogh Knudsen, we are confident that 2021 will be a successful year for Columbus”, says Chairman of the Board, Ib Kunøe.
About Columbus Global
Columbus is a global digital consultancy headquartered in Denmark. For +30 years, we have helped more than 5.000 ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,800 digital advisors and consultants focused on the manufacturing-, retail & distribution-, and food & process industries. We offer end-to-end digital services and solutions within Strategy & Change, Cloud ERP, Data & Analytics, Application Management, Digital Commerce, and Customer Experience. Columbus has offices and partners all over the world and we deliver our solutions and services locally – on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM
For more information visit www.coloumbusglobal.com.
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Latest releases from Columbus Global
Welcome to Søren Krogh Knudsen7.6.2021 16:04:21 CEST | Press release
Today, we welcome our new CEO & President Søren Krogh Knudsen to Columbus.
Søren Krogh Knudsen appointed new CEO of Columbus23.4.2021 09:11:42 CEST | Pressemeddelelse
Søren Krogh Knudsen will take up the position as President & CEO of Columbus. Søren joins from a position as Partner and Regional Head of PA Consulting Group in the Nordics as well as Global Head of Sales for PA Consulting Group. He is an experienced international leader within the management consultancy industry and has a very strong track record.
Columbus divests subsidiaries in Estonia and Lithuania to further focus the business30.3.2021 11:03:41 CEST | Press release
Columbus has divested the subsidiaries in Estonia and Lithuania. The divestment is part of Columbus’ Focus23 strategy to strengthen Columbus’ focus on larger companies in key markets.
Annual Report 2020: Satisfying result in a challenging year16.3.2021 09:49:11 CET | Pressemeddelelse
Today, Columbus has published the annual report for 2020 - a year where the company demonstrated the ability to act in the changing market conditions. Revenue decreased by 6% but with a rapid adjustment of the cost base, its was possible to increase normalized EBITDA margin to 7.3%. 2020 was also the year, where we launched our new growth strategy, Focus23. The new strategy focuses on digital advisory of larger customers in key markets and consequently it was decided to divest the software company To-Increase and the Private Cloud business.
Columbus is awarded Global Partner 2020 of the Year by Medius15.3.2021 13:45:03 CET | Nyhed
Columbus has been named Global Partner 2020 of the Year by Medius, thanks to strong sales and satisfied customers.
Columbus completes the divestment of To-Increase26.1.2021 15:34:58 CET | Press release
Today, Columbus has completed the divestment of the software company To-Increase. The divestment is part of Columbus’ Focus23 strategy, which strengthens Columbus’ position as the customers’ digital trusted advisor.
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