Q1-3 2009

November 12, 2009 at 12:03 AM CET
Considerably improved earnings in Q3 and improved cash flow of 29 millions
despite the recession in the US and France 

CEO, Claus Hansen:

"After a long time of targeted work we managed to enter into a strategic
cooperation agreement with Microsoft in the retail market in Q3. In this
relation Columbus IT has - as expected - sold software to Microsoft, which
positions the Columbus Group as the leading retail partner. This position is an
important strengthening of our future competitiveness. At the same time we
managed to by and large - adjusted for the strengthened krone rate -  maintain
the revenues in the first three quarters in the level of last year which was
the best year in the Group's history. Our operation is still affected by the
economic recession in several countries, but we are starting to experience
signs of improvement in most countries”. 

•	Revenues for Q1-3/2009 totaled DKK 606.9M (DKK 711.7M in Q1-3/2008),
corresponding to a decrease of 15%. Adjusted for the revenues in the seven
subsidiaries which were sold off as of December 1st, 2008 as well as for
foreign currency translation the decrease totals 5%. The result is in line with
the management's expectations. 
•	Earnings before depreciation (EBITDA) for the period totaled DKK 21.3M (DKK
34.6M in Q1-3/2008) corresponding to a decrease of 38% compared to Q1-3/2008.
The result is in line with the management's expectations. 
•	Revenues in the Nordic region amounted to DKK 293M in Q1-3/2009 (DKK 261M in
Q1-3/2008), corresponding to an increase of 12%. EBITDA for the period totaled
DKK 25.6M (DKK 24.5M in Q1-3/2008), which is an increase of 4% compared to
2008. 
•	Revenues in Western Europe amounted to DKK 122M in Q1-3/2009 (DKK 155M in
Q1-3/2008). EBITDA for the period totaled DKK 21.7M (DKK 10.5M in Q1-3/2008),
corresponding to an increase of 106% compared to the same period 2008. 
•	Revenues in Eastern Europe amounted to DKK 121M in Q1-3/2009 (DKK 163M in
Q1-3/2008). EBITDA for the period totaled DKK 2.5M (DKK 7.0M in Q1-3/2008). 
•	Revenues in North and South America amounted to DKK 71M in Q1-3/2009 (DKK
132M in Q1-3/2008). EBITDA for the period totaled DKK -4.8M (DKK 14.9M in
Q1-3/2008). 	 
•	The Group's software development company, To-Increase, had gross revenues of
DKK 53.2M in Q1-3/2009 (DKK 29.2M in Q1-3/2008), corresponding to an increase
of 82%. EBITDA for the period amounted to DKK 20.7M (DKK 8.4M in Q1-3/2008).
The figures for To-Increase are also included in the regional figures stated
above. 
•	The result amounted to DKK -12.7M in Q1-3/2009 (DKK 15.2M in Q1-3/2008) after
an extraordinary goodwill depreciation of DKK 10.6M related to the French
subsidiary. 
•	Total equity amounted to DKK 234.2M in Q1-3/2009 (DKK 241.3M after
Q1-3/2008), resulting in a solvency ratio of 48.5% (44.1% in 2008). 
•	Previously announced expectations for 2009 are being maintained, cf. release
no. 9/2009. For 2009 Columbus IT expects revenues of DKK 830-850M and an EBITDA
of DKK 35-45M. 

Ib Kunøe 				Claus Hansen
Chairman				CEO
Columbus IT Partner A/S		Columbus IT Partner A/S

For further information, please contact:
CEO Claus E. Hansen, or CFO Heine Thorsgaard, 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.