Stock Exchange Release no. 12 - Quarterly report 1-3 quarters 2002

11 November 2002

Columbus IT Partner A/S - Quintus Bastion - Krudtløbsvej - 1439 Copenhagen K
Phone: +45 70 20 50 00 - Fax: +45 70 25 07 01
CVR-no.: 13228345


Columbus IT Partner has become more efficient. The targeted work with
reconstructing the company to adapt to the new market terms has succeeded.
Despite the fact that the number of employees within the last year has been
reduced by almost 20 percent from 1,033 to 842, net sales have been maintained. 

• In the 1st-3rd quarters 2002 net sales amounted to DKK 457 million. Sales of
Axapta-based solutions were DKK 268 million, equaling an increase of approx. 42
percent compared with the same period last year. 
• EBITDA made up DKK 19 million corresponding to an increase of DKK 68 million
compared with the same period in 2001.
• Staff costs and other external costs in the 1st-3rd quarters have been
brought down by DKK 45 million compared with the same period last year. 
• Over the last three months, receivables have been reduced and the number of
debtor days have consequently been brought down from 72 on 30 June 2002 to 60
on 30 September 2002. 
• Due to insecurities in the weak market, the expectations in Q4 for net sales
are lowered. 

However, a positive EBITDA is still expected. So net sales of approx. DKK 600
million for the year are expected and an EBITDA in the level of DKK 20 million. 

Niels Heering            Carsten Dilling
Chairman of the Board    Chief Executive Officer
Columbus IT Partner A/S  Columbus IT Partner A/S


Contacts for further information:
Chief Executive Officer Carsten Dilling, tel.: +45 70 20 50 00
Head of Investor Relations Jan Bitterhoff, tel.: +45 70 20 50 00