Columbus Global

Columbus Q2 2022: Improved efficiency and 4% revenue growth

Columbus showed progress in an important key figure in Q2 where efficiency was lifted from 62% to 64%. Columbus realized a total revenue growth of 4% driven by the strategic business areas Data & Analytics, Customer Experience og Digital Commerce. Columbus maintains expectations for 2022.

It has been a Q2 focused on executing our strategy and strengthening the organization while working on increasing the efficiency in the business. We continue to see good growth opportunities in most Business Lines and geographic markets, which is why we maintain our expectations for 2022. A heated job market and inflation mean that we have initiated price and cost initiatives to get EBITDA margin back to a satisfactory level”, says CEO & President Søren Krogh Knudsen.

High activity across the business in Q2

Revenue increased by 4% in Q2 to DKK 390m compared to DKK 374m in Q2 2021. Revenue in the first 6 months was DKK 783m, corresponding to a growth of 6%.

In Q2 2022, Columbus experienced a positive development in the majority of the business, where especially Columbus’ Swedish and Norwegian businesses continued their strong momentum with a growth in service revenue of 9% and 6%. The strategic Business Lines Data & Analytics, Customer Experience and Digital Commerce grew by 29%, 75% and 13%, respectively.

Efficiency improved further in the quarter and in Q2 2022 the efficiency was 64% which is an improvement of 2 percentage points compared to the 62% in Q1 2022 and 59% in Q4 2021.

Our efforts to improve efficiency starts materializing. In Q2 2022 the efficiency was 64% and continues to be one of our key performance indicators to improve”, says Søren Krogh Knudsen.

Strengthening of the organization and leadership team

In June 2022, Columbus announced the hiring of new CFO Brian Iversen who will join us 1 October 2022. Brian brings extensive experience from other listed companies and has great experience with optimizing and transforming global financial operations. In addition, as of 1 August 2022, Columbus has welcomed two key management profiles:

  • Claes Reinholdt Kongsdam who will lead Columbus’ growth strategy in Denmark with focus on delivering value to customers and strengthening the market position within digital advisory.
  • Michaël Navon who will lead the development and growth of digital and strategic advisory for larger companies as Business Lines Executive for the strategic business area Strategy & Change.

This strengthening of the leadership will accelerate Columbus’ strategic journey to become trusted digital advisor in our key markets.

Highlights for Q2 2022

  • Revenue increased by 4% to DKK 390m (Q2 2021: DKK 374m)
  • EBITDA declined by 30% to DKK 16m (Q2 2021: 24m)
  • YTD-efficiency 64%
  • Strengthening of the organization and leadership team
  • Investments in process and system support

Outlook for 2022

Based on the financial performance in Q1 2022, current order book and pipeline, our full year guidance for 2022 will remain unchanged as follows.

  • Revenue is expected to be in the range of DKK 1,525m – 1,625m corresponding to an organic growth of 8% to 15%.
  • EBITDA is expected to be in the range of DKK 120m –145m corresponding to a growth of 34% to 62%.



About Columbus Global

Columbus Global
Columbus Global
Lautrupvang 6
2750 Ballerup

About Columbus

Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,550+ 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 Columbus A/S is listed on Nasdaq Copenhagen – COLUM

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Latest releases from Columbus Global

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):

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