Interim Report Q3 2022
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 ´000 | Q3 2022 | Q3 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
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Dynamics | 144,764 | 134,794 | 7.4% | 477,382 | 466,611 | 2.3% |
M3 | 69,975 | 56,384 | 24.1% | 230,516 | 219,571 | 5.0% |
Digital Commerce | 40,261 | 31,233 | 28.9% | 133,448 | 112,684 | 18.4% |
Data & Analytics | 13,444 | 8,928 | 50.6% | 44,046 | 25,910 | 70.0% |
Customer Experience & Engagement | 9,851 | 3,992 | 146.8% | 33,916 | 20,552 | 65.0% |
Other Local Business | 15,967 | 14,378 | 11.1% | 52,389 | 46,489 | 12.7% |
Total sale of services | 294,262 | 249,709 | 17.8% | 971,697 | 891,817 | 9.0% |
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Total sale of products | 40,026 | 57,114 | -29.9% | 145,143 | 155,377 | -6.6% |
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Total net revenue | 334,288 | 306,823 | 9.0% | 1,116,840 | 1,047,194 | 6.7% |
Service revenue split on Market Units
DKK ´000 | Q3 2022 | Q3 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
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Sweden | 107,676 | 87,566 | 23.0% | 388,521 | 348,982 | 11.3% |
Denmark | 58,566 | 56,441 | 3.8% | 185,056 | 184,632 | 0.2% |
Norway | 55,789 | 45,464 | 22.7% | 193,051 | 170,851 | 13.0% |
UK | 41,085 | 34,101 | 20.5% | 119,153 | 107,250 | 11.1% |
US | 21,209 | 19,859 | 6.8% | 59,472 | 58,966 | 0.9% |
Other | 9,020 | 5,738 | 57.2% | 23,577 | 19,262 | 22.4% |
GDC | 917 | 540 | 69.8% | 2,867 | 1,874 | 53.0% |
Total sale of services | 294,262 | 249,709 | 17.8% | 971,697 | 891,817 | 9.0% |
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Total sale of products | 40,026 | 57,114 | -29.9% | 145,143 | 155,377 | -6.6% |
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Total net revenue | 334,288 | 306,823 | 9.0% | 1,116,840 | 1,047,194 | 6.7% |
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.
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