Columbus IT increases turnover and earnings in first half-year 2010

August 19, 2010 at 12:00 AM EDT
Press release				                                                               
                                               Ballerup, Thursday 19 August 2010
             

The Nordic region, Western Europe and the USA are all areas in which Columbus IT
has achieved growth in the first 6 months of 2010. Only Eastern Europe has shown
a slight decline. For the period as a whole, the management expresses           
satisfaction with the company's result of DKK 5.4 million, compared to minus DKK
4.4 million last year. For the year as a whole, Columbus IT expects a turnover  
of about DKK 890 million and EBITDA of DKK 50-55 million.                       

Columbus IT, Danish owned and listed on the stock exchange, is pleased to       
announce a satisfactory first half-year result.                                 

“An improvement in operating income of 23.1 per cent and a positive result of   
DKK 5.4 million, compared to minus DKK 4.4 million last year, are the key       
figures which clearly show that Columbus IT is essentially in good shape. Our   
total turnover of DKK 441.8 million bears witness to significant advancement and
this, combined with a very promising pipeline, means that the first six months  
of 2010 have been quite satisfactory. We are maintaining our positive           
expectations for the year as a whole,” says Columbus IT's CEO Claus E. Hansen.  

Columbus IT has shown growth in Western Europe and especially in the UK and     
Norway the company has achieved impressive results. It is also pleasing to note 
its considerable success on the American market in terms of both turnover and   
results.                                                                        

Eastern Europe is among the few markets to have proved challenging in the first 
half-year. Turnover in Eastern Europe totalled DKK 80.6 million in the first    
half-year of 2010, compared to DKK 87.3 million in the same period of 2009. In  
Eastern Europe, Columbus IT had a positive EBITDA for the period of DKK 1.2     
million.                                                                        

“Columbus IT's focus on vertical solutions for companies in the retail,         
foodstuff and production industries gives large-scale operational advantages, as
we only have to invest once in solution development, after which we can roll it 
out in many markets. We sow once, but reap again and again. Customers are       
increasingly demanding global, industry-specific solutions that do not require  
special modification - and this is what Columbus IT is able to provide. In this 
way, Columbus IT will come to define the industry standard within the selected  
verticals on which we are focusing,” says Columbus IT's CEO Claus E. Hansen.    

The first half-year of 2010 has also seen a takeover bid for Columbus IT.       

“We take a positive view of the fact that Columbus IT is considered such an     
attractive company that bids are being made for us. The board of directors      
decided to reject the bid to acquire the company and given our very clear       
strategy regarding the further development of Columbus IT, the focus throughout 
the organisation is firmly on continued growth and increased profitability. We  
have noted growing demand for our industry-specific solutions,” CEO Claus E.    
Hansen adds.                                                                    

As the first half-year came to a close, Microsoft granted Columbus IT due       
recognition by re-electing the company to two of the biggest and most           
prestigious forums: ‘Microsoft Inner Circle' and ‘President's Club'. At the same
time, Columbus IT's subsidiary company, the industrial and competency centre    
To-Increase, was named Global Microsoft ISV Partner of the Year.                

“The staggering number of honours accorded to us by Microsoft cements Columbus  
IT's position as one of the leading Microsoft partners in the world. I see these
honours as an expression of the fact that Microsoft backs the course and        
strategy that Columbus IT has chosen to pursue, and with Microsoft's choice of  
Columbus IT as a permanent partner in the retail sector in Europe our ties have 
become even closer,” Columbus IT's CEO Claus E. Hansen concludes.               

The first half-year report is available at www.columbusit.com or by request to  
CFO Hans Henrik Thrane at hht@dk.columbusit.com and +45 29 69 06 69.            


For further information:                                                        
CEO Claus E. Hansen, Columbus IT                                                
E-mail:	ceh@dk.columbusit.com                                                   
Mobile:	+45 29 69 06 66                                                         

About Columbus IT                                                               
Columbus IT operates as a software and service enterprise in the market for     
integrated business solutions based on Microsoft Dynamics - primarily for       
international, small and medium sized companies. Columbus IT is one of the      
leading Microsoft Dynamics software companies, with over 1,000 employees in 27  
countries and a total customer base of more than 5,000 small and medium sized   
companies as well as business units of larger companies. For further            
information, please visit www.columbusit.com.