Company announcement no. 23/2023

Good momentum in Q3 2023

11% revenue growth in Q3 2023 including a negative impact from currencies and acquisitions of 4 percentage points. EBITDA result was DKK 21m corresponding to an EBITDA margin of 6.0% up from 5.2%. During Q3 we have prepared our next strategic journey – New Heights – with ambitious financial goals and plans to enter a new high growth industry; Life Science.

“We have a strong starting point for our newly launched three-year growth strategy New Heights with the opportunity to improve profitability significantly,” says CEO & President, Søren Krogh Knudsen

Q3 2023 highlights

• Revenue growth of 11% amounting to DKK 345m. 15% growth adjusted for acquisitions and currency.
• EBITDA amounted to DKK 21m.
• EBITDA margin was 6.0% compared to 5.2% in Q3 2022.
• Efficiency of 65% in Q3 2023, a 4 percentage point increase compared to Q3 2022.

Q3 YTD 2023 highlights

• Revenue growth of 10% amounting to DKK 1,126m. 14% growth adjusted for acquisitions and currency.
• EBITDA growth of 25% amounting to DKK 78m.
• EBITDA margin was 6.9% compared to 6.1% YTD 2022.
• Efficiency reached 67% YTD 2023, compared to 63% in Q3 YTD 2022.

Service revenue split on Business Lines

Service revenue split on Market Units

Outlook 2023 maintained
Based on the development in the first nine months of 2023, our strong pipeline and order backlog, we maintain our 2023 expectations:

• Revenue guidance expected to be in the range of DKK 1,550m – 1,600m, corresponding to an organic growth of 8-12% (constant currencies)
• EBITDA guidance expected to be in the range of DKK 119m – 139m, equal to a margin of 7.4 - 9.0%
  
  

Live webcast and conference call on 15 November 2023
Columbus is hosting a live webcast and conference call on 15 November 2023 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/BI93da014605ed40cdad1324369655aba3

Live presentation on 22 November 2023
H C Andersen Capital will host a live presentation of Q3 2023 results and new strategy on 22 November 2023 at 15:30 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-q3-2023-results-and-new-strategy

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 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.