Interim Report for 2nd quarter 2021: Solid result – execution of the Focus23 strategy progresses as planned
The revenue increased by 6% in Q2 2021 to DKK 426m and compensated for the decrease in revenue in the first quarter. In the first half of 2021, revenue was DKK 847m which is on par with last year (H1 2020: DKK 859m). The increase in revenue is due to high demand in all markets where especially the business areas Digital Commerce, Data & Analytics and Customer Experience delivered strong growth. Columbus’ Norwegian business unit has also delivered a strong quarter.
EBITDA increased by 12% in Q2 2021 to DKK 31m, which is due to a higher utilization in the consultancy business which increased from 55% to 59%. As a result of the positive market development, Columbus is in the process of recruiting new employees for all areas of the business.
The execution of the Focus23 strategy is proceeding according to plan with reorganization of the company into global Business Units and local Market Units. The new structure entails an increased focus on customers and a simplified operation with faster decision-making.
“We are satisfied with the result for Q2 and the first 6 months overall. Columbus has reached the first milestones in executing the Focus23 strategy, comprising the re-organization of the company in a new customer focused matrix structure. It is time to unleash the full potential of our skilled employees, relevant end-to-end solutions and the increasing demand for digitalization services”, says CEO and President Søren Krogh Knudsen.
Performance highlights for Q2 2021:
- Revenue increased by 6% in Q2 2021 to DKK 426m (Q2 2020: 402m)
- EBITDA increased by 12% in Q2 2021 to DKK 31m (Q2 2020: DKK 28m)
- Profit before tax increased by 14% to DKK 13m (Q2 2020: 12m)
- Customer hours increased from 55% to 59%
- Extraordinary dividend pay-out of DKK 6 per share, amounting to DKK 776m in total.
Outlook for 2021
Columbus maintains outlook for 2021:
- 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.
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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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