Interim Report Q3 2022

November 15, 2022 at 9:12 AM CET

Company announcement no. 29/2022

Solid organic growth despite macro-economic uncertainty

”Despite rapid changes in the macro-economic environment, we delivered a satisfactory Q3 driven by immense effort in all our Business Lines and Market Units. We will continue to focus on increasing efficiency to improve EBITDA margin further”, says CEO & President Søren Krogh Knudsen.

Q3 2022 highlights

  • Revenue growth of 9% amounting to DKK 334m
  • EBITDA amounts to DKK 16m
  • Efficiency of 61% in a quarter with summer vacation
  • Our new CFO Brian Iversen joined Columbus
  • Merge of Project and Care Business Lines
  • Pricing and cost initiatives start materializing
  • Launch of new sustainability strategy

Q3 2022 YTD highlights

  • Revenue growth of 7% amounting to DKK 1,117m
  • EBITDA amounted to DKK 62m which is on par with 2021
  • Pricing and cost initiatives initiated
  • Improved efficiency
  • Stable number of employees

Service revenue split on Business Lines

DKK ´000Q3 2022Q3 2021∆%YTD 2022YTD 2021∆%
Digital Commerce40,26131,23328.9%133,448112,68418.4%
Data & Analytics13,4448,92850.6%44,04625,91070.0%
Customer Experience & Engagement9,8513,992146.8%33,91620,55265.0%
Other Local Business15,96714,37811.1%52,38946,48912.7%
Total sale of services294,262249,70917.8%971,697891,8179.0%
Total sale of products 40,02657,114-29.9%145,143155,377-6.6%
Total net revenue334,288306,8239.0%1,116,8401,047,1946.7%

Service revenue split on Market Units

DKK ´000Q3 2022Q3 2021∆%YTD 2022YTD 2021∆%
Total sale of services294,262249,70917.8%971,697891,8179.0%
Total sale of products 40,02657,114-29.9%145,143155,377-6.6%
Total net revenue334,288306,8239.0%1,116,8401,047,1946.7%

Outlook updated
On 14 November 2022, the financial full-year guidance for 2022 was updated to:

  • Revenue guidance is specified to DKK ~1,525m, a growth of 8%.
  • EBITDA is adjusted to DKK ~100m, a growth of 12%.

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 15 November 2022 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen.

Webcast: Please login to the webcast via Columbus’ investor site where you can follow the presentation and submit your written questions during the call:

Conference call:

1. Participants are required to register in advance of the conference using the link provided below. Upon registering, each participant will be provided with Participant Dial In Numbers, and a unique Personal PIN.

2. In the 10 minutes prior to call start time, Participants will need to use the conference access information provided in the e-mail received at the point of registering. Participants may also use the call me feature instead of dialling the nearest dial in number.

Online Registration to the call:

For further information, please contact:

  • Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000
  • Tine Rasmussen, Communication Director,, Tel.: +45 2969 0677

About Columbus 
Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,550+ digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM  

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