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 maintainedBased 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 2023Columbus 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 2023H 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.

Attachment

  • Interim Report Q3 2023
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