Interim report for Columbus IT Partner A/S for the period 1 January - 30 June 2002

August 14, 2002 at 12:00 AM CEST
The Columbus IT Partner net sales for the first half of 2002 amounted to DKK
339 million, and earnings before tax, depreciation and amortization (EBITDA)
amounted to DKK 25 million. 

- The Group's net sales were DKK 339 million (DKK 299 million in the first half
of 2001).Disregarding the sale of the Danish municipal activities and the 2001
sale of the distribution activities, net sales equal those of last year. 

- EBITDA which was DKK 25 million (DKK -25 million in 2001) is affected by the
divestment of the municipal activities and the re-purchase of a number of
Columbus-developed products and the reversal of development costs, etc. When
disregarding the EBITDA contribution (DKK 34 million), EBITDA has improved by
DKK 23 million compared with 2001 (minus DKK 7.5 million for the sale of the
distribution activities). 

- Since 30 June 2001 the number of employees has been reduced by 195 to 849
employees 
corresponding to a reduction of 19 percent. In the same period, net sales per
employee at the end of the period increased by 25 percent compared with the 1st
half of 2001. 

- The Company's receivables have dropped and the debtor days thus fell from 91
at the end of 2001 to approximately 72 days by 30 June 2002. 

- Earnings before tax for the period improved by DKK 47 million to DKK -5
million compared with DKK -52 million in the same period last year. Earnings
after tax came to a loss of DKK -9 million against DKK -43 million in the first
half of 2001. 

- For the entire year 2002, net sales are expected to be in the lower end of
the spectrum reported earlier, namely at around DKK 650 million. Because of the
uncertainty surrounding the earn-out payment from the sale of the municipal
activities and the noted lower margin in 1st half of 2002, as described below,
an EBITDA between DKK 35-40 million is expected. 


Niels Heering                   Carsten Dilling
Chairman of the Board           Chief Executive Officer
Columbus IT Partner A/S         Columbus IT Partner A/S


For further information please contact:
Chief Executive Officer, Carsten Dilling, tel.: +45 70 20 50 00
Head of Investor Relations, Jan Bitterhoff, tel.: +45 70 20 50 00