Q1 Report 2022

May 10, 2022 at 9:12 AM CEST

Company announcement no. 16/2022

Revenue growth of 7% in Q1 2022

”The first quarter of the year has been heavily focused on building a strong organization to fuel for growth.”, says CEO & President Søren Krogh Knudsen.

Performance highlights for the period 1 January to 31 March 2022
All numbers and comments are on the continued business (excluding the divested entities Russia, US SMB, To-Increase and Baltics):

  • Revenue increased by 7% in Q1 2022 to DKK 393m (Q1 2021: DKK 367m).
  • EBITDA decreased to DKK 30m in Q1 2022 (Q1 2021: DKK 38m). The decrease is mainly caused by an increase in staff cost, use of subcontractors and higher spend of other external cost.
  • Negative effect of discontinuing Columbus Russia by DKK 25m.
  • Hiring 114 new talents
  • Salary as a percentage of revenue increased by approx. 2% compared to FY 2021
  • YTD efficiency 62%
  • Divestment of Columbus Russia
  • Strengthening our One Columbus culture

Service revenue split on Business Lines

DKK ´000Q1 2022Q1 2021∆%
Cloud ERP179,511188,908-5.0%
Columbus Care71,80862,69314.5%
Digital Commerce45,93039,43116.5%
Data & Analytics15,3195,106200.0%
Customer Experience & Engagement11,5279,39322.7%
Other Local Business18,94616,08717.8%
Total sale of services343,041321,6186.7%
Total sale of products 49,80845,01610.6%
Total net revenue392,849366,6347.2%

Service revenue split on Market Units

DKK ´000Q1 2022Q1 2021∆%
Total sale of services343,041321,6186.7%
Total sale of products 49,80845,01610.6%
Total net revenue392,849366,6347.2%

Outlook for 2022
Based on the financial performance in Q1 2022, current order book and pipeline, our full year guidance for 2022 will remain unchanged as follows.

  • Revenue is expected to be in the range of DKK 1,525m – 1,625m corresponding to an organic growth of 8% to 15%.
  • EBITDA is expected to be in the range of DKK 120m –145m corresponding to a growth of 34% to 62%.

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 10 May 2022 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Head of Global Finance Operations, Nicole Bluhme.

Webcast: Please login to the webcast via Columbus’ investor site where you can follow the presentation and submit your written questions during the call: https://ir.columbusglobal.com/calendar-and-events

Conference call: It will be possible to raise a question during the presentation. Dial in details:

  • Denmark: +45 32 72 04 17
  • UK/International: +44 (0) 2071928338
  • USA: +1 6467413167
  • Conference-ID: 7165708

Please dial in a few minutes before to allow time for registration of name and company.

For further information, please contact:

About Columbus
Columbus is a global digital consultancy headquartered in Denmark. For +30 years, we have helped more than 2,500 ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,750 digital advisors and consultants focused on the manufacturing-, retail & distribution-, and food & process industries. We offer end-to-end digital services and solutions within Strategy & Change, Cloud ERP, Data & Analytics, Application Management, Digital Commerce, and Customer Experience. Columbus has offices and partners all over the world and we deliver our solutions and services locally – on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM

For more information visit www.columbusglobal.com.