Interim Report for 3rd quarter 2021: Columbus delivers 11% revenue growth
The revenue increased by 11% in the third quarter to DKK 323m (Q3 2020: DKK 290m), and for the first nine months the revenue growth was 2%, corresponding to DKK 1,090m (Q3 YTD 2020: DKK 1,066m). The development in revenue is due to positive progress especially in the Swedish, Norwegian and UK markets. Columbus Denmark and US showed a decrease in revenue, which is primarily caused by a decline in the sale of software.
The service revenue increased by 12% to DKK 273m. (Q3 2020: DKK 243m), driven by all Business Lines, where especially Columbus Care (Application Management), Digital Commerce and Data & Analytics delivered great progress.
Investments in the expansion of the workforce
Operating profit (normalized EBITDA) decreased by 83% in Q3 2021 to DKK 4m. (Q3 2020: DKK 22m) and by 6% for the first nine months of the year to DKK 78m. (Q3 YTD 2020: DKK 96m). The decline is due to large investments in the recruitment and training of new employees for all areas of the business as well as extraordinary costs in connection with Columbus’ new ERP-platform and external consulting.
During the third quarter, Columbus welcomed 171 new employees. Despite a large number of new employees, customer work remained high amounting to 57% vs. 53% last year, which is a result of an intensive training program which ensures that new consultants can quickly be included in customer projects.
In connection with the Focus-23 strategy Columbus has defined 17 strategic acceleration tracks, including extensive talent and leadership development as well as commercial optimization to sustainability, which will ensure that Columbus strengthens its market position within Digital Advisory.
”We are satisfied with the revenue growth and the overall development in Q3. Columbus experiences great demand, and it’s very important that we constantly invest in the right employees and competencies. Therefore, it is also a fantastic achievement that we have been able to hire 171 new employees in a single quarter”, says Søren Krogh Knudsen, CEO & President in Columbus.
Contacts
Tine RasmussenKommunikationsdirektørColumbus
Tel:+4529690677tra@columbusglobal.comImages
Links
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
Subscribe to releases from Columbus Global
Subscribe to all the latest releases from Columbus Global by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Columbus Global
Columbus surpasses growth expectations13.3.2024 09:12:57 CET | Pressemeddelelse
Columbus surpassed its organic growth expectations in 2023, delivering growth of 11%, and 15% adjusted for currency and acquisition. The growth is expected to continue. The Company has set new goals for the future, aiming to continuously grow the top line by 10% annually and improve profitability to an EBITDA margin of 15% by the end of 2026.
New analysis of Columbus’ financial results for Q3 2023 and new strategy; New Heights4.12.2023 14:22:29 CET | Nyhed
The stock analysis firm, Aktieinfo, has just published an analysis of Columbus’ results for Q3 2023 and the newly published strategy - New Heights. The analysis concludes, among other things, that: "After ten consecutive quarters of growth and maintaining guidance for 2023 with organic growth expected to be between 8-12% and an EBITDA margin of 7.4-9.0%, Columbus concludes the strategic plan Focus23. All goals have been achieved. Now, new ambitious yet achievable goals are set for the period 2024-26, anticipating an annual average organic growth of 10% and a significant improvement in the EBITDA margin to 15% by 2026. Columbus is thus taking a step towards 'New Heights' for revenue, earnings, and stock prices." The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/7dc8b8dd-b686-4a70-8dc9-5b93f513aaa5
Columbus makes offer to acquire UK-based e-commerce consultancy30.11.2023 09:58:12 CET | Pressemeddelelse
Columbus A/S has submitted a conditional offer to acquire Endless Gain Ltd, a leading conversion rate optimization consultancy (CRO) focused on enhancing the digital customer experience for the UK retail industry
Strong Q3 Interim Report, new ambitious growth targets for 2024-2026 and new focus on Life Science15.11.2023 09:18:19 CET | Pressemeddelelse
In the third quarter of 2023, Columbus once again delivered impressive organic top-line growth of 15% (excluding acquisitions and currency), and the increase in operating profit (EBITDA) was as much as 28%. Columbus has created a solid foundation for the upcoming strategy period – New Heights – which in particular will focus on boosting profitability with an EBITDA margin of 15% by the end of 2026. Columbus expects 10% compounded annual growth in 2024 – 2026.
New analysis of Columbus’ financial result for Q2 2023 published by Aktieinfo31.8.2023 12:16:10 CEST | Pressemeddelelse
The analysis concludes, among other things, that: Columbus delivers what is promised. Growth adjusted for acquisition and currency was achieved with 16% in the second quarter (19% adjusted for currency and including acquisitions) and 14% in the first half of the year. In the second quarter, Columbus managed to invoice 70% of the consultants' hours. This testifies increased efficiency, which is one of the goals of the Focus23 strategy. With the execution of the Focus23 strategy, Columbus appears stringent and focused on servicing the core customer group. The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/96127943-4e58-4e34-97be-3790aa0f0a06
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom