Upgrade of profit forecast for 2007
Upgrade of profit forecast for 2007
January 30, 2008 at 5:26 PM CET
Forecast for EBITDA is upgraded by 25% from a level of DKK 38-43M to a level of DKK 50-52M As a result of strong performance on the main markets in Russia, US, Denmark and UK, along with growing sales of own software, Columbus IT upgrades it profit forecast for 2007. In the quarterly report for Q1-3 2007 revenue from continued operations for 2007 was forecasted to be at a level of DKK 870-890M, and EBITDA at a level of DKK 38-43M. Columbus IT now upgrades the expectations. Revenues for 2007 are now expected to be at level of DKK 890-900M - corresponding to a growth of app. 22% compared to 2006 - and EBITDA at a level of DKK 50-52M - corresponding to a growth of app. 41% compared to 2006. Strong focus on sale of own software, delivery management, employee satisfaction and sales, combined with close strategic cooperation with Microsoft in Europe creates results. There have been no acquisitions in the period. Columbus IT publishes its Annual report for 2007 on March 17, 2008 in accordance with the published financial calendar. Ib Kunøe Michael Gaardboe Chairman of the Board Chief Executive Officer Columbus IT Partner A/S Columbus IT Partner A/S Contact for further details: 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.