Progress, integration and growth in new business areas characterized the first half of 2019
Ballerup, 22 August 2019 —Today, Columbus released the financial results for the first half of 2019. The company delivered a revenue of DKK 977m which is an organic growth of 2%. EBITDA increased to DKK 102m which is an organic growth of 7%.
Good progress in the business despite a slow Q2
In general, Columbus saw good progress in the business, where especially the M3 and Commerce businesses showed strong progress. Sale of Columbus Care continued to show good progress with 16% growth in the first half of the year as well as sale of cloud services growing by 47%.
Columbus started the year with an organic revenue growth of 7% in Q1, however Q2 faced slow growth causing reduced growth in the first half of the year. It was in particular a declining Columbus Software sale, the turnaround in the US, a challenging customer project in Norway and the Brexit impact that caused a lower growth in Q2 than expected. Despite these challenges, Columbus delivers the expected progress.
“I am satisfied with the result for the first half of the year, where we delivered 7% EBITDA growth despite a slow Q2. In general, we see good progress in our business with many new business initiatives and a successful integration process”, says CEO & President in Columbus, Thomas Honoré.
Integration of iStone on track
The integration of iStone, the Stronger Together program, is being executed according to plan and the company experiences a range of synergies across the business such as a Nordic Finance Team and a merged organization in Norway. The Swedish Commerce business is expanding its business to UK and Denmark, and Columbus’ Global Delivery Center in India has been expanded with M3, Dynamics and AMS resources. Today, the former iStone operates under the Columbus name with one common website and strengthened brand.
Growth in new business areas
First half of 2019 was characterized by increased investments in building new offerings within the framework of 9 Doors to Digital Leadership®. In the first half of the year, Columbus launched a range of new offerings which are seeing good traction in the market with Enterprise customers for large deals. The sales within the new business areas Analytics & Business Insight, Customer Experience and Application Management (Columbus Care) continued to deliver growth.
The 9 Doors to Digital Leadership® means that Columbus can deliver “end-to-end” digital solutions that helps the customers maximize, transform and futureproof their business digitally”.
Maintains expectations to 2019
Columbus maintains the announced expectations to 2019 with a revenue in the level of DKK 2bn and EBITDA in the level of DKK 240m.
Contacts
For further information, please contact.
Communications Director
Tine Rasmussen
tra@columbusglobal.com
+45 29 69 06 77
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