Skip to main content

Interim Report Q3 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Company announcement no. 29/2022

Solid organic growth despite macro-economic uncertainty

”Despite rapid changes in the macro-economic environment, we delivered a satisfactory Q3 driven by immense effort in all our Business Lines and Market Units. We will continue to focus on increasing efficiency to improve EBITDA margin further”, says CEO & President Søren Krogh Knudsen.

Q3 2022 highlights

  • Revenue growth of 9% amounting to DKK 334m
  • EBITDA amounts to DKK 16m
  • Efficiency of 61% in a quarter with summer vacation
  • Our new CFO Brian Iversen joined Columbus
  • Merge of Project and Care Business Lines
  • Pricing and cost initiatives start materializing
  • Launch of new sustainability strategy

Q3 2022 YTD highlights

  • Revenue growth of 7% amounting to DKK 1,117m
  • EBITDA amounted to DKK 62m which is on par with 2021
  • Pricing and cost initiatives initiated
  • Improved efficiency
  • Stable number of employees

Service revenue split on Business Lines

DKK ´000Q3 2022Q3 2021∆%YTD 2022YTD 2021∆%
       
Dynamics144,764134,7947.4%477,382466,6112.3%
M369,97556,38424.1%230,516219,5715.0%
Digital Commerce40,26131,23328.9%133,448112,68418.4%
Data & Analytics13,4448,92850.6%44,04625,91070.0%
Customer Experience & Engagement9,8513,992146.8%33,91620,55265.0%
Other Local Business15,96714,37811.1%52,38946,48912.7%
Total sale of services294,262249,70917.8%971,697891,8179.0%
       
Total sale of products 40,02657,114-29.9%145,143155,377-6.6%
       
Total net revenue334,288306,8239.0%1,116,8401,047,1946.7%

Service revenue split on Market Units

DKK ´000Q3 2022Q3 2021∆%YTD 2022YTD 2021∆%
       
Sweden107,67687,56623.0%388,521348,98211.3%
Denmark58,56656,4413.8%185,056184,6320.2%
Norway55,78945,46422.7%193,051170,85113.0%
UK41,08534,10120.5%119,153107,25011.1%
US21,20919,8596.8%59,47258,9660.9%
Other9,0205,73857.2%23,57719,26222.4%
GDC91754069.8%2,8671,87453.0%
Total sale of services294,262249,70917.8%971,697891,8179.0%
       
Total sale of products 40,02657,114-29.9%145,143155,377-6.6%
       
Total net revenue334,288306,8239.0%1,116,8401,047,1946.7%

Outlook updated
On 14 November 2022, the financial full-year guidance for 2022 was updated to:

  • Revenue guidance is specified to DKK ~1,525m, a growth of 8%.
  • EBITDA is adjusted to DKK ~100m, a growth of 12%.

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 15 November 2022 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen.

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:

1. Participants are required to register in advance of the conference using the link provided below. Upon registering, each participant will be provided with Participant Dial In Numbers, and a unique Personal PIN.

2. In the 10 minutes prior to call start time, Participants will need to use the conference access information provided in the e-mail received at the point of registering. Participants may also use the call me feature instead of dialling the nearest dial in number.

Online Registration to the call: https://register.vevent.com/register/BI3e618cd2995c47cdba12a227050ec52a

For further information, please contact:

  • Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000
  • Tine Rasmussen, Communication Director, TRA@columbusglobal.com, Tel.: +45 2969 0677

About Columbus 
Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,550+ digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide – delivering locally on a global scale. www.columbusglobal.com. Columbus A/S is listed on Nasdaq Copenhagen – COLUM  

For more information visit www.columbusglobal.com.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.