Revenues and earnings in line with expectations

CEO, Claus Hansen:

"For Columbus IT, as for the rest of the industry, 2009 became a year affected
by the eco-nomic recession on our main markets. Adjusted for the sold-off
subsidiaries and foreign cur-rency translation revenues decreased by 6%, but
revenues as well as EBITDA remained within the announced level of expectations.
In 2009 we have with great success had focus on improvement of our cash
position, and we managed to improve the cash flow from operating activities by
DKK 49.8M to a surplus of DKK 65.0M. Besides, we have worked intensively on
adjusting the capacity in the entire Group and in 2009 we came a long way with
the de-velopment of the foundation of the Company's long-term success”. 
•	Revenues in 2009 totaled DKK 835.7M (DKK 990.6m in 2008), corresponding to a
decrease of 16%.  Adjusted for the sold-off subsidiaries as well as for foreign
currency translation revenues decreased by 6%. The result is in line with the
management's expectations, cf. release no. 9 of September 22nd 2009. 
•	Earnings before depreciation (EBITDA) totaled DKK 35.4M in 2009 (DKK 60.6M in
2008), correspond-ing to a decrease of 42% compared to 2008. The result is in
line with the announced expectations. 
•	Revenues in the Nordic region amounted to DKK 384M in 2009 (DKK 380M in
2008). EBITDA for the period totaled DKK 41.2M (DKK 45.0M in 2008). 
•	Revenues in Western Europe amounted to DKK 134M in 2009 (DKK 180M in 2008).
EBITDA for the period totaled DKK 0.1M (DKK 6.7M in 2008). 
•	Revenues in Eastern Europe amounted to DKK 164M in 2009 (DKK 226M in 2008).
EBITDA for the period totaled DKK 0.4M (DKK 12.9M in 2008). 
•	Revenues in North and South America amounted to DKK 96M in 2009 (DKK 170M in
2008). EBITDA for the period totaled DKK -2.0M (DKK 13.6M in 2008).	 
•	The Group's software development company, To-Increase, had gross revenues of
DKK 58M in 2009 (DKK 35M in 2008). EBITDA for the period amounted to DKK 25.9M
(DKK 17.6M in 2008). Results in To-Increase in 2009 are affected by the sale of
the company's retail industry solution, RCM, to Micro-soft for USD 5M, with
earnings of DKK 12M. 
•	Based on impairment tests on goodwill and long-term assets the management has
in 2009 written down goodwill by DKK 17.5M in total in relation to the
subsidiaries in France, Lithuania, the Netherlands and Poland. 
•	Through targeted efforts in relation to optimization of cash flow in the
Group, we have managed -  through a considerable improvement of the Group's net
working capital, among other things - to re-duce the net interest-bearing debts
to DKK 4.5M by the end of 2009 (DKK 61.2M by the end of 2008). 
•	Total equity decreased to DKK 232.2M in 2009 (DKK 244.2M in 2008), resulting
in a solvency ratio of 45.1% (43.6% by the end of 2008). 
•	In 2010 Columbus IT will continue developing the foundation for the Company's
long-term success. We expect status quo or a slight increase in demand on the
Group's main markets, and we expect that the industry will still be affected by
some excess capacity in the first half year causing increased pressure on
prices. Consequently, Columbus IT expects revenues in the level of DKK 890M and
EBITDA of DKK 50-55M. 

Ib Kunøe 				Claus Hansen
Chairman				CEO
Columbus IT Partner A/S		Columbus IT Partner A/S
For further information, please contact:
CEO Claus Hansen, or CFO Heine Thorsgaard, T: +45 70 20 50 00.

The Annual Report for 2009 will be available at: www.columbusit.com/2009 during
week 15. 

Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.