Q1 / 2008

May 8, 2008 at 11:44 AM CEST
Organic growth results in increase in revenues of 18% and increase in EBITDA of
124% com-pared to Q1 2007 

•	Columbus IT's revenues for Q1/2008 totaled DKK 219M (DKK 185M in Q1/2007),
corresponding to an increase of 18%. 

•	Earnings before depreciation (EBITDA) for the period totaled DKK 8.2M (DKK
3.6M in Q1/2007) cor-responding to an increase of 124% compared to Q1/2007. The
result is in line with the Management's expectations. 

•	Revenues in the Danish subsidiary amounted to DKK 64.6M in Q1/2008 (DKK 53.0M
in Q1/2007), corresponding to an increase of 22%. EBITDA for the period totaled
DKK 3.9M, which is an increase of 64% compared to Q1/2007. 

•	Revenues in the subsidiary in the US amounted to DKK 28.0M in Q1/2008 (DKK
28.5M in Q1/2007). Adjusted for foreign currency translation revenues grew by
13%. EBITDA for the period totaled DKK 3.7M (DKK 3.3M in Q1/2007). Adjusted for
foreign currency translation EBITDA grew by 30%. 
	
•	Revenues in the Russian subsidiary amounted to DKK 31.2M in Q1/2008 (DKK
19.9M in Q1/2007), corresponding to an increase of 57%. EBITDA totaled only DKK
1.8M in Q1/2008 compared to DKK 2.6M in Q1/2007. The decline in EBITDA is
caused by costs following a growth in staff of 38 com-pared to same period last
year. 

•	The Group's software development company, To-Increase B.V., had revenues of
DKK 6.3M in Q1/2008 to other Microsoft resellers (DKK 7.1M in Q1/2007). EBITDA
amounted to DKK 1.2M in Q1/2008 (DKK 2.9M in Q1/2007). The decrease is due
partly to decline in sales and partly due to in-vestments in the company's
presales force. 

•	The result before tax amounted to DKK 1.2M for Q1/2008 (DKK -1.6M in Q1/2007).

•	Total equity at the end of Q1/2008 amounted to DKK 224.5M (DKK 209.6M in
Q1/2007), resulting in a solvency ratio of 41.2% (42.1% in 2007). 

•	Previously announced expectations for 2008 are being maintained, with total
Group revenues on 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.