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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Latest releases from Columbus Global
Columbus Acquires Accigo’s Norwegian Microsoft Dynamics Operations18.12.2025 08:30:05 CET | Pressemeddelelse
Columbus is strengthening its position in the food and beverage industry through the divisional acquisition of the Norwegian consultancy firm Accigo AS. This acquisition marks a significant strategic move to expand Columbus’s presence in the food and beverage sector and enhance its capacity to deliver Microsoft Dynamics 365 solutions. With this deal, Columbus further reinforces its status as the leading Dynamics 365 provider in Norway.
Columbus signs one of the largest ERP Initiatives in Norway’s Food and Grocery Industry17.12.2025 09:00:31 CET | Pressemeddelelse
BAMA Gruppen AS has signed one of the largest deals with IT consultancy Columbus to develop and roll out a new group-wide ERP system based on Microsoft Dynamics 365 Finance & Supply Chain Management. The new platform will replace a patchwork of ageing systems and give the company a standardised, scalable backbone for its operations. “Crucial for competitiveness, sustainability and profitability,” says Trine-Lise Jensen, Executive Vice President, Technology and Digitalization at BAMA.
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Columbus is one of the first global partners to receive Microsoft’s new Support Services designation2.12.2025 13:11:30 CET | Pressemeddelelse
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Efficiency measures in Q3 position Columbus for renewed growth6.11.2025 08:54:04 CET | Pressemeddelelse
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