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Interim Report Q2 2024
Beskrivning
| Land | Danmark |
|---|---|
| Lista | Small Cap Copenhagen |
| Sektor | Tjänster |
| Industri | Industri |
Company announcement no. 15/2024
Key Business Lines sustaining momentum in Q2
The development in Q2 2024 reflects a strong momentum in the majority of our business with particular strong performance in our largest area, Cloud ERP, representing 75% of our operations. Overall, the revenue growth of 9% in Q2 2024 was in line with expectations. The EBITDA margin for the quarter was 7%. Our unconditional focus on achieving a 15% EBITDA margin by 2026 led to a streamlining and performance exercise in Q2 2024 with full effect in Q4 2024. We maintain our 2024 full-year financial expectations.
“We delivered a strong revenue growth of 9% in Q2 2024 driven by solid development in our core ERP business. However, our relentless focus on achieving a 15% EBITDA margin by 2026 led to necessary streamlining of the organization during the quarter,” says CEO & President, Søren Krogh Knudsen
Q2 2024 highlights
- Revenue growth of 9% amounting to DKK 427m. 8% growth adjusted for acquisitions and currency.
- EBITDA amounted to DKK 30m compared to DKK 18m in Q2 2023.
- EBITDA margin was 7.0% compared to 4.6% in Q2 2023.
- Efficiency of 63% in Q2 2024 compared to 66% in Q2 2023.
YTD 2024 highlights
- Revenue growth of 12%, amounting to DKK 871m. 10% growth adjusted for acquisitions and currency.
- EBITDA amounted to DKK 85m (DKK 65m adjusted for the M3CS legal case in Q1 2024), compared to DKK 57m H1 2023.
- EBITDA margin was 9.8% compared to 7.3% in H1 2023. Adjusted for the M3CS case in Q1 2024, EBITDA margin was 7.5%.
- Efficiency of 63% in H1 2024 compared to 65% in H1 2023.
Service revenue split on Business Lines
| DKK ´000 | Q2 2024 | Q2 2023 | ∆% | YTD 2024 | YTD 2023 | ∆% |
| Dynamics | 224,026 | 191,261 | 17% | 454,062 | 387,640 | 17% |
| M3 | 81,935 | 74,717 | 10% | 175,010 | 155,313 | 13% |
| Digital Commerce | 45,108 | 50,203 | -10% | 98,487 | 108,883 | -10% |
| Data & AI | 22,105 | 18,719 | 18% | 40,812 | 38,085 | 7% |
| CXE | 23,775 | 15,853 | 50% | 43,202 | 31,455 | 37% |
| Security | 7,926 | 12,301 | -36% | 15,893 | 12,301 | 29% |
| Other Local Business | 5,486 | 7,438 | -26% | 11,735 | 13,693 | -14% |
| Total sale of services | 410,361 | 370,492 | 11% | 839,201 | 747,370 | 12% |
| Total sale of products | 16,538 | 19,980 | -17% | 31,937 | 33,602 | -5% |
| Total net revenue | 426,899 | 390,472 | 9% | 871,138 | 780,972 | 12% |
Service revenue split on Market Units
| DKK ´000 | Q2 2024 | Q2 2023 | ∆% | YTD 2024 | YTD 2023 | ∆% |
| Sweden | 133,849 | 147,730 | -9% | 281,795 | 293,594 | -4% |
| Denmark | 106,917 | 83,636 | 28% | 215,234 | 164,086 | 31% |
| Norway | 60,613 | 57,338 | 6% | 126,728 | 129,146 | -2% |
| UK | 77,461 | 54,037 | 43% | 152,994 | 99,743 | 53% |
| US | 20,242 | 19,339 | 5% | 39,797 | 41,359 | -4% |
| Other | 10,144 | 7,438 | 36% | 20,248 | 17,497 | 16% |
| GDC | 1,135 | 974 | 17% | 2,405 | 1,945 | 24% |
| Total sale of services | 410,361 | 370,492 | 11% | 839,201 | 747,370 | 12% |
| Total sale of products | 16,538 | 19,980 | -17% | 31,937 | 33,602 | -5% |
| Total net revenue | 426,899 | 390,472 | 9% | 871,138 | 780,972 | 12% |
Outlook 2024 maintained
Based on the development in the first half of 2024, our strong pipeline and order backlog, we maintain our 2024 expectations:
- Revenue guidance expected to be in the range of 8-10% organic growth
- EBITDA margin expected to be in the range of 9-10%
Live webcast and conference call on 22 August 2024
Columbus is hosting a live webcast and conference call on 22 August 2024 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/BIeaffc0f600a74f4e9c64fb4262b99bf0
Live presentation on 23 August 2024
H C Andersen Capital will host a live presentation of Q2 2024 results on 23 August 2024 at 13:00 CET. Presenters from Columbus A/S will be CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen.
You can already now submit questions and sign up for the event via this link: https://www.inderes.dk/videos/columbus-presentation-of-interim-report-q2-2024
A recording of the presentation will be available via the same link.
For further information, please contact:
- Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000
About Columbus
Columbus is a global digital consultancy specialized in solving complex challenges for customers in the manufacturing, retail & distribution, food & beverage, and life science industries. With over 1,600 digital advisors in more than ten countries, we deliver business-critical solutions in areas such as CloudERP, Data & Analytics, Application Management, Digital Commerce, Cybersecurity, AI Innovation, and ESG. With headquarters in Denmark and presence worldwide, we ensure local delivery of our services on a global scale. www.columbusglobal.com
For more information visit www.columbusglobal.com.