Interim Report Q3 2023

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

DKK ´000	Q3 2023	Q3 2022	∆%	YTD 2023	YTD 2022	∆%
Dynamics	178,636	157,542	13.4%	566,278	516,463	9.6%
M3	64,666	69,749	-7.3%	219,978	228,461	-3.7%
Digital Commerce	38,116	40,044	-4.8%	146,999	133,007	10.5%
Data & Analytics	18,115	13,294	36.3%	56,200	42,928	30.9%
Customer Experience & Engagement	15,468	9,851	57.0%	46,923	33,916	38.4%
Security	9,769	0	-	22,070	0	-
Strategy & Change	1,719	782	119.8%	6,839	5,155	32.7%
Other Local Business	3,750	3,003	24.9%	12,322	11,767	4.7%
Total sale of services	330,239	294,265	12.2%	1,077,609	971,697	10.9%
Total sale of products	14,559	15,261	-4.6%	48,160	52,804	-8.8%
Total net revenue	344,798	309,526	11.4%	1,125,769	1,024,501	9.9%

Service revenue split on Market Units

DKK ´000	Q3 2023	Q3 2022	∆%	YTD 2023	YTD 2022	∆%
Sweden	112,317	107,676	4.3%	405,912	388,521	4.5%
Denmark	76,121	58,568	30.0%	240,206	185,056	29.8%
Norway	46,802	55,789	-16.1%	175,947	193,051	-8.9%
UK	61,614	41,085	50.0%	161,356	119,153	35.4%
US	23,225	21,209	9.5%	64,584	59,472	8.6%
Other	8,990	9,020	-0.3%	26,488	23,577	12.3%
GDC	1,170	918	27.5%	3,116	2,867	8.7%
Total sale of services	330,239	294,265	12.2%	1,077,609	971,697	10.9%
Total sale of products	14,559	15,261	-4.6%	48,160	52,804	-8.8%
Total net revenue	344,798	309,526	11.4%	1,125,769	1,024,501	9.9%

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.

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• Interim Report Q3 2023

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