Interim Report Q2 2022


Company announcement no. 21/2022

Revenue growth of 4% in Q2 2022

Our efforts to improve efficiency starts materializing. In Q2 2022 efficiency was 64% and continues to be one of our key performance indicators to improve.”, says CEO & President Søren Krogh Knudsen.

Q2 highlights

  • Revenue growth of 4% amounting to DKK 390m
  • EBITDA decline of 30% amounting to DKK 16m
  • Improvement of efficiency to 64%
    up from 59% in Q4 2021
  • Hiring of new CFO Brian Iversen
  • Hiring of key leadership positions in Market Units and Business Lines
  • Launch of new leadership principles
  • Pricing and cost initiatives

H1 highlights

  • Revenue growth of 6% amounting to DKK 783m
  • EBITDA decline of 25% amounting to DKK 46m
  • Divestment of Columbus Russia with a negative effect of DKK 25m
  • Focus on improving efficiency
  • Stable number of employees
  • Strengthening our one Columbus culture

Service revenue split on Business Lines

DKK ´000 Q2 2022 Q2 2021 ∆% YTD 2022 YTD 2021 ∆%
             
Cloud ERP 171,155 174,885 -2.1% 350,666 363,793 -3.6%
Columbus Care 70,685 68,518 3.2% 142,493 131,211 8.6%
Digital Commerce 47,257 42,020 12.5% 93,187 81,451 14.4%
Data & Analytics 15,283 11,876 28.7% 30,602 16,982 80.2%
Customer Experience
& Engagement
12,538 7,167 74.9% 24,065 16,560 45.3%
Other Local Business 17,476 16,026 9.0% 36,422 32,111 13.4%
Total sale of services 334,394 320,492 4.3% 677,435 642,108 5.5%
             
Total sale of products 55,309 53,247 3.9% 105,117 98,263 7.0%
             
Total net revenue 389,703 373,739 4.3% 782,552 740,371 5.7%

Service revenue split on Market Units

DKK ´000 Q2 2022 Q2 2021 ∆% YTD 2022 YTD 2021 ∆%
             
Sweden 141,746 130,374 8.7% 280,845 261,416 7.4%
Denmark 60,926 64,635 -5.7% 126,490 128,191 -1.3%
Norway 67,262 63,535 5.9% 137,262 125,387 9.5%
UK 38,079 35,053 8.6% 78,068 73,149 6.7%
US 18,302 20,569 -11.0% 38,263 39,107 -2.2%
Other 7,282 6,113 19.1% 14,557 13,524 7.6%
GDC 797 213 274.2% 1,950 1,334 46.2%
Total sale of services 334,394 320,492 4.3% 677,435 642,108 5.5%
             
Total sale of products 55,309 53,247 3.9% 105,117 98,263 7.0%
             
Total net revenue 389,703 373,739 4.3% 782,552 740,371 5.7%

Maintained outlook

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

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 24 August 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:

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/BIf298e8a948e94f77bce308d88dca6d2c

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 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.

Columbus A S



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