Interim report 6 months 2004
Interim report 6 months 2004
August 12, 2004 at 12:00 AM EDT
Stock Exchange Release 13 - Interim 2004 12th August 2004 Columbus IT Partner A/S - Banemarksvej 50C - DK- 2605 Brøndby T: (+45) 7020 5000 - F: (+45) 7025 0701 CVR No.: 13228345 Considerable improvement in operating results • Columbus IT Partner's revenues in Q1-2/2004 totaled DKK 293m (DKK 265m in 2003). • Earnings (EBITDA) in the period were up on Q1-2 2003 by DKK 10.3m at DKK 7.5m (DKK -2.8m in 2003). • Pre-tax results were DKK -8.1m compared to DKK -24.1m in 2003. • At the end of Q2, Columbus IT Partner had a headcount of 817, 48 fewer than 31st December 2003. • On 30th June 2004, Columbus IT Partner held a directed rights issue in which a total of 1,070,401 shares in Columbus IT Partner were issued, corresponding to a 2.9% increase in share capital, which increased equity by about DKK 7.5m. • In Q2/2004, Columbus IT Partner won a series of orders for horizontal solutions, including a CRM solution for Danish weekly Søndagsavisen and a hosting contract for SIKA. • The Company is maintaining its forecasts for 2004 for revenues of DKK 625m and EBITDA of DKK 30m. Pre-tax results are expected to show a slight deficit, however. Niels Heering Carsten Dilling Chairman of the Board Chief Executive Officer Columbus IT Partner A/S Columbus IT Partner A/S For further details please contact: Carsten Dilling, CEO or Jan U. T. Bitterhoff, Business Development Executive, T: (+45) 7020 5000.