Solid growth in revenues and a marked increase in earnings in H1 2008
- The best H1 in Columbus IT's history

CEO, Michael Gaardboe:

"H1 2008 was the best H1 in the history of the Group, and the half year
developed as planned. Compared to the same period last year, revenues increased
by 15%, while EBITDA increased by 50% and the total earnings by no less than
215%. We find the development very satisfactory and we are - despite the
general uncertainty about the macroeconomic development in several markets -
positive about the near future. On July 1st Microsoft released the long awaited
new version of Dynamics, AX 2009. We have very positive expectations to the
competitiveness and our sale of this solution, but due to the uncertainty about
the macroeconomic cycles, we maintain the previously announced expectations for
2008”. 

•	Revenues for H1/2008 totaled DKK 494.6M (DKK 431.6M in H1/2007),
corresponding to an increase of 15%. 
•	Earnings before depreciation (EBITDA) for the period totaled DKK 31.5M (DKK
21M in H1/2007) corres-ponding to an increase of 50% compared to H1/2007. The
result is in line with the Management's expecta-tions. 
•	Revenues in the Nordic region amounted to DKK 185M in H1/2008 (DKK 157M in
H1/2007), corresponding to an increase of 18%. EBITDA for the period totaled
DKK 18.5M (DKK 10.7M in H1/2007), which is an increase of 73% compared to 2007. 
•	Revenues in North and South America amounted to DKK 88M in H1/2008 (DKK 86M
in H1/2007), corres-ponding to an increase of 2%. EBITDA for the period totaled
DKK 11.1M (DKK 8.9M in H1/2007), corres-ponding to an increase of 25%. 	 
•	Revenues in Eastern Europe amounted to DKK 111M in H1/2008 (DKK 79M in
H1/2007), corresponding to an increase of 42%. EBITDA for the period totaled
DKK 7.5M compared to DKK 6.2M in H1/2007, corresponding to an increase of 21%. 
•	Revenues in Western Europe amounted to DKK 111M in H1/2008 (DKK 110M in
H1/2007). EBITDA for the period totaled DKK 8.9M, i.e. a decline of 14%
compared to H1/2007. The decline is primarily due to a loss in the Swiss
subsidiary. Columbus IT is negotiating the purchase of the remaining 49% of the
shares in the French subsidiary. Subsequently, Columbus IT would own 100% of
the shares in the company. The aim is to own 100% of the shares in all
companies within this region. 
•	The Group's software development company, To-Increase, had gross revenues of
DKK 20.1M in H1/2008 (DKK 20.1M in H1/2007). EBITDA for the period amounted to
DKK 6.4M (DKK 7.8M in H1/2007). Q2/2008 was a good quarter, however not
sufficient to catch up with the decline in earnings from Q1/2008. 
•	The result before tax amounted to DKK 18.9M in H1/2008 (DKK 6M in H1/2007),
corresponding to an increase of 215%. 
•	Total equity increased to DKK 243.1M (DKK 227.5M in H1/2007), resulting in a
solvency ratio of 40.7% (39.4% in 2007). 
•	Previously announced expectations for 2008 are being maintained, with total
revenues in the level of DKK 1,000M and an EBITDA of DKK 60-65M. 

Ib Kunøe 				Michael Gaardboe
Chairman				CEO
Columbus IT Partner A/S		Columbus IT Partner A/S

For further information, please contact:
CEO Michael Gaardboe, T: +45 70 20 50 00

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