Release no. 24/2021
A profitable start to the year
“Despite an overall decline in revenue of 8% in the first quarter of 2021, Columbus delivered a significant EBITDA growth of 40%. With a profitable result, improved customer loyalty, the initial execution of Focus23 in Q1 and the forthcoming onboarding of our new CEO Søren Krogh Knudsen, we are confident that 2021 will be a successful year for Columbus”, says Chairman of the Board, Ib Kunøe.
Financial highlights for the period 1 January to 31 March 2021
|DKKm||Q1 2021||Q1 2020||Development|
|Adjustment of provision for loss making contract||0||4||-100.0%|
All numbers and comments in the Q1 report are on the continued business, thus excluding the divested entities To-Increase and Baltics.
|DKKm||Q1 2021||Q1 2020||2020|
|Sale of services|
|Data & Analytics||5||5||18|
|Customer Experience & Engagement||8||6||24|
|Other Local Business||39||44||159|
|Total sale of services||349||370||1,261|
|Sale of products|
|Data & Analytics||0||0||1|
|Customer Experience & Engagement||1||1||3|
|Other Local Business||21||25||95|
|Total sale of products||72||87||317|
|Total net revenue||421||457||1,578|
Performance highlights for Q1 2021:
Our new CEO, Søren Krogh Knudsen will be joining Columbus 7 June 2021.
Columbus realised a strong start to the year with high utilization in our consultancy business resulting in a record-high EBITDA margin of 13%.
Completion of the divestment of our software company, To-Increase and our Baltic companies in Estonia and Lithuania were important milestones in executing our Focus23 strategy.
Outlook for 2021
Columbus maintains outlook for 2021:
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 18 May 2021 at 13:00 CET. The webcast is hosted by Interim CEO & Corporate CFO Hans Henrik Thrane.
Webcast: Please login to the webcast via Columbus’ investor site: https://ir.columbusglobal.com/calendar-and-events
Conference call dial-in details:
Please dial in a few minutes before to allow time for registration of name and company. Questions can be raised during the webcast.
For further information, please contact:
Columbus is a global digital consultancy headquartered in Denmark. For +30 years, we have helped more than 5.000 ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,800 digital advisors and consultants focused on the manufacturing-, retail & distribution-, and food & process industries. We offer end-to-end digital services and solutions within Strategy & Change, Cloud ERP, Data & Analytics, Application Management, Digital Commerce, and Customer Experience. Columbus has offices and partners all over the world and we deliver our solutions and services locally – on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM
For more information visit www.coloumbusglobal.com.