Interim Report Q3 2024

    Interim Report Q3 2024

Company announcement no. 20/2024

Revenue growth continues in Q3

Revenue growth of 8% in Q3 2024, driven by our Cloud ERP Business Line, Dynamics as well as Data & AI and CXE. Strong progress in our Danish and UK Market Units. EBITDA growth of 42% with an EBITDA margin of 7.9%. Overall, another satisfactory quarter for Columbus.

“We are satisfied with the growth in Q3 2024, driven by continued customer demands for a strong digital core,” says CEO & President, Søren Krogh Knudsen

Q3 2024 highlights

• Revenue growth of 8%, amounting to DKK 371m. 6% growth adjusted for acquisitions and currency.
• EBITDA amounted to DKK 29m, an increase of 42% compared to Q3 2023.
• EBITDA margin was 7.9% compared to 6.0% in Q3 2023.
• Efficiency of 60% in Q3 2024, which is at the same level as Q3 2023.

YTD 2024 highlights

• Revenue growth of 10%, amounting to DKK 1,243m. 9% growth adjusted for acquisitions and currency.
• EBITDA amounted to DKK 115m, an increase of 47.4% compared to Q3 YTD 2023.
• EBITDA margin was 9.2% compared to 6.9% in Q3 YTD 2023.
• Efficiency of 62% in Q3 YTD 2024, compared to 63% in Q3 YTD 2023.

Service revenue split on Business Lines
DKK ´000	Q3 2024	Q3 2023	∆%	YTD 2024	YTD 2023	∆%
Dynamics	203,091	188,407	8%	673,045	588,348	14%
M3	66,377	64,665	3%	241,386	219,978	10%
Digital Commerce	38,925	38,116	2%	137,412	146,999	-7%
Data & AI	22,254	18,115	23%	63,066	56,200	12%
CXE	18,971	15,468	23%	62,173	46,923	33%
Other Local Business	5,539	5,468	1%	17,274	19,161	-10%
Total sale of services	355,157	330,239	8%	1,194,356	1,077,609	11%
Total sale of products	16,271	14,559	12%	48,210	48,160	0%
Total net revenue	371,428	344,798	8%	1,242,566	1,125,769	10%

Service revenue split on Market Units
DKK ´000	Q3 2024	Q3 2023	∆%	YTD 2024	YTD 2023	∆%
Sweden	100,221	112,317	-11%	382,015	405,912	-6%
Denmark	92,699	76,121	22%	307,930	240,206	28%
Norway	46,630	46,802	0%	173,359	175,947	-1%
UK	83,184	61,614	35%	236,178	161,356	46%
US	21,204	23,225	-9%	61,001	64,584	-6%
Other	10,256	8,990	14%	30,504	26,488	15%
GDC	963	1,170	-18%	3,369	3,116	8%
Total sale of services	355,157	330,239	8%	1,194,356	1,077,609	11%
Total sale of products	16,271	14,559	12%	48,210	48,160	0%
Total net revenue	371,428	344,798	8%	1,242,566	1,125,769	10%

Outlook 2024 maintained
Based on the development in the first three quarters of 2024, our strong pipeline and order backlog, we maintain our 2024 expectations:

• Revenue guidance expected to be in the range of 8-10% organic growth
• EBITDA margin expected to be in the range of 9-10%

Live webcast and conference call on 5 November 2024
Columbus is hosting a live webcast and conference call on 5 November 2024 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/BIa41fe53a677a414e98854db2a3e36f50

Live presentation on 7 November 2024
HC Andersen Capital will host a live presentation of Q3 2024 results on 7 November 2024 at 15:00 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-q3-2024-interim-report

A recording of the presentation will be available via the same link.

For further information, please contact:

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

About Columbus 
Columbus is a global digital consultancy specialized in solving complex challenges for customers in the manufacturing, retail & distribution, food & beverage, and life science industries. With over 1,600 digital advisors in more than ten countries, we deliver business-critical solutions in areas such as Cloud ERP, Data & Analytics, Application Management, Digital Commerce, Cybersecurity, AI Innovation, and ESG. With headquarters in Denmark and presence worldwide, we ensure local delivery of our services on a global scale. www.columbusglobal.com

For more information visit www.columbusglobal.com.

Attachment

• Interim Report Q3 2024