Interim Report Q2 2023

    Interim Report Q2 2023 

Company announcement no. 15/2023

Progress continues in Q2

11% revenue growth in Q2 2023 including a negative impact from currencies of 5 percentage points. EBITDA result was DKK 18m corresponding to an EBITDA margin of 4.6% which is on par with last year. Our role as trusted advisor is being proof pointed by welcoming new customers in our key segments and extending engagements with our existing customers.

“We have had a busy first half of 2023 expanding our customer list with prominent names across all Business Lines, and we are glad that our revenue numbers speak for themselves solidly moving towards our financial ambition of 10% organic growth from 2023”, says CEO & President, Søren Krogh Knudsen

Q2 2023 highlights

• Revenue growth of 11% amounting to DKK 390m. 16% growth adjusted for acquisitions and currency.
• EBITDA amounted to DKK 18m.
• EBITDA margin was 4.6% compared to 4.7% in Q2 2022.
• Efficiency of 70% in Q2 2023, a 6 percentage point increase compared to Q2 2022.
• Improved cash flow from operating activities amounting to DKK 12m.
• Business Line Security introduced.
• Established AI Innovation Program.

H1 2023 highlights

• Revenue growth of 9% amounting to DKK 781m. 14% growth adjusted for acquisitions and currency.
• EBITDA growth of 24% amounting to DKK 57m.
• EBITDA margin was 7.3% compared to 6.4% in H1 2022.
• Efficiency was 69% in H1 2023.
• Acquisition of ICY Security ApS.

Service revenue split on Business Lines

DKK ´000	Q2 2023	Q2 2022	∆%	YTD 2023	YTD 2022	∆%
Dynamics	191,261	177,230	7.9%	387,640	358,925	8.0%
M3	74,717	77,108	-3.1%	155,313	158,711	-2.1%
Digital Commerce	50,203	47,032	6.7%	108,883	92,962	17.1%
Data & Analytics	18,719	14,289	31.0%	38,085	29,633	28.5%
Customer Experience & Engagement	15,853	12,538	26.4%	31,455	24,065	30.7%
Security	12,301	0	100.0%	12,301	0	100.0%
Strategy & Change	3,302	1,935	70.6%	5,121	4,374	181.2%
Other Local Business	4,136	4,261	-2.9%	8,572	8,765	-2.2%
Total sale of services	370,492	334,393	10.8%	747,370	677,435	10.3%
Total sale of products	19,980	16,764	19.2%	33,602	37,539	-10.5%
Total net revenue	390,472	351,157	11.2%	780,972	714,974	9.2%

Service revenue split on Market Units

DKK ´000	Q2 2023	Q2 2022	∆%	YTD 2023	YTD 2022	∆%
Sweden	147,730	141,747	4.2%	293,594	280,845	4.5%
Denmark	83,636	60,924	37.3%	164,086	126,490	29.7%
Norway	57,338	67,262	-14.8%	129,146	137,262	-5.9%
UK	54,037	38,079	41.9%	99,743	78,068	27.8%
US	19,339	18,302	5.7%	41,359	38,263	8.1%
Other	7,438	7,282	2.1%	17,497	14,557	20.2%
GDC	974	797	22.2%	1,945	1,950	-0.3%
Total sale of services	370,492	334,393	10.8%	747,370	677,435	10.3%
Total sale of products	19,980	16,764	19.2%	33,602	37,539	-10.5%
Total net revenue	390,472	351,157	11.2%	780,972	714,974	9.2%

Outlook 2023 maintainedBased on the development in the first half 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 callColumbus is hosting a live webcast and conference call on 24 August 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/BI8c33313f3a2e48a8a5fc39bd89cc07dd

For further information, please contact:

• Søren Krogh Knudsen, CEO & President, Tel.: [phone]

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 Q2 2023