Quarterly Report Q1 / 2009

April 27, 2009 at 9:04 AM CEST
Satisfactory results despite hesitant market 

CEO, Claus Hansen:

"Despite a hesitating approach towards new purchases in the market - especially
in the US - Columbus IT managed to obtain satisfactory results in Q1 2009.
Revenues are in line with Q1 2008, when adjusted for sold-off subsidiaries and
the strengthened krone rate. Earnings are also satisfactory. During the past
months we have aimed at adjusting our capacity to the market situation, but due
to the global financial turbulence expectations to 2009 are still reflecting
considerable uncertainty ”. 

•	Revenues for Q1/2009 totaled DKK 198.6M (DKK 219.1M in Q1/2008),
corresponding to a decrease of 9%. 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 0.3%. The result is in line
with the management's expectations. 
•	Earnings before depreciation (EBITDA) for the period totaled DKK 4.0M (DKK
8.2M in Q1/2008) cor-responding to a decrease of 51% compared to Q1/2008. The
result is in line with the management's expectations. 
•	Revenues in the Nordic region amounted to DKK 94M in Q1/2009 (DKK 81M in
Q1/2008), correspond-ing to an increase of 16%. EBITDA for the period totaled
DKK 10.0M (DKK 4.4M in Q1/2008), which is an increase of 127% compared to 2008. 
•	Revenues in Western Europe amounted to DKK 42M in Q1/2009 (DKK 52M in
Q1/2008). EBITDA for the period totaled DKK 4.6M (DKK 4.4M in Q1/2008),
corresponding to an increase of 5% compared to the same period 2008.. 
•	Revenues in Eastern Europe amounted to DKK 38M in Q1/2009 (DKK 49M in
Q1/2008). EBITDA for the period totaled DKK -0.7M (DKK 2.0 in Q1/2008). 
•	Revenues in North and South America amounted to DKK 25M in Q1/2009 (DKK 37M
in Q1/2008). EBITDA for the period totaled DKK -3.5M (DKK 3.6M in Q1/2008). 	 
•	The Group's software development company, To-Increase, had gross revenues of
DKK 9.1M in Q1/2009 (DKK 8.0M in Q1/2008), corresponding to an increase of 14%.
EBITDA for the period amounted to DKK 2.4M (DKK 1.2M in Q1/2008), corresponding
to an increase of 99%. 
•	The result amounted to DKK -2.8M in Q1/2009 (DKK 0.4M in Q1/2008).
•	Total equity increased to DKK 244.4M (DKK 224.5M in Q1/2008), resulting in a
solvency ratio of 45.6% (41.2 in 2007). 
•	Previously announced expectations for 2009 are being maintained. Due to the
uncertainty about the extent and duration of the current global financial
turbulence, expectations to 2009 are reflecting con-siderable uncertainty.
Group revenues from the sold-off subsidiaries in seven countries with effect
from December 1st 2008 amounted to DKK 69M, corresponding to 7% of total
revenues. Due to both the strengthened krone rate and the expected
macroeconomic recession on the Group's markets, revenues in the remaining
subsidiaries of the Group are expected to be below 2008 level. Consequently and
due to the general financial uncertainty, earnings for 2009 are expected to be
considerably below 2008 level. 

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.