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	∆%
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%
Total sale of products	40,026	57,114	-29.9%	145,143	155,377	-6.6%
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	∆%
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%
Total sale of products	40,026	57,114	-29.9%	145,143	155,377	-6.6%
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.

Attachment

• Interim Report Q3 2022

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