Interim Report H1 2021
Release no. 31/2021
A solid second quarter
”We are satisfied with the result for Q2 and the first 6 months overall. Columbus has reached the first milestones in executing the Focus23 strategy, comprising the re-organization of the company in a new customer focused matrix structure. It is time to unleash the full potential of our skilled employees, relevant end-to-end solutions and the increasing demand for digitalization services”, says CEO and President Søren Krogh Knudsen.
Financial highlights for the period 1 January to 30 June 2021
All numbers and comments in the H1 report are on the continued business, thus excluding the divested entities To-Increase and Baltics.
Financial figures
| DKKm | Q2 2021 | Q2 2020 | ∆% | H1 2021 | H1 2020 | ∆% |
| Revenue reported | 426 | 402 | 6% | 847 | 859 | -1% |
| Foreign exchange | -5 | 0 | 0% | -4 | 0 | 0% |
| Organic revenue | 421 | 402 | 5% | 843 | 859 | -2% |
| EBITDA reported | 31 | 28 | 12% | 86 | 67 | 28% |
| Adjustment of provision for loss making contract | 0 | 2 | -100% | 0 | 6 | -100% |
| Normalized EBITDA | 31 | 30 | 3% | 86 | 73 | 18% |
| Normalized EBITDA-margin | 7.4% | 7.6% | -1.8% | 10.3% | 8.5% | 20.0% |
Revenue specification
| DKKm | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | 2020 |
| Sale of services | |||||
| Cloud ERP | 204 | 198 | 418 | 435 | 780 |
| Columbus Care | 68 | 58 | 131 | 122 | 233 |
| Digital Commerce | 42 | 36 | 81 | 74 | 128 |
| Data & Analytics | 8 | 6 | 13 | 12 | 24 |
| Customer Experience & Engagement | 7 | 7 | 16 | 13 | 24 |
| Other Local Business | 19 | 19 | 39 | 37 | 72 |
| Total sale of services | 348 | 324 | 698 | 693 | 1,261 |
| Sale of products | |||||
| Cloud ERP | 58 | 59 | 114 | 130 | 248 |
| Columbus Care | 6 | 5 | 10 | 9 | 20 |
| Digital Commerce | 4 | 3 | 7 | 6 | 10 |
| Data & Analytics | 0 | 0 | 1 | 1 | 1 |
| Customer Experience & Engagement | 1 | 0 | 1 | 1 | 3 |
| Other Local Business | 9 | 11 | 16 | 19 | 35 |
| Total sale of products | 78 | 78 | 149 | 166 | 317 |
| Total net revenue | 426 | 402 | 847 | 859 | 1,578 |
Performance highlights for Q2 2021:
- Revenue increased by 6% in Q2 2021 to DKK 426m (Q2 2020: 402m)
- EBITDA increased by 12% in Q2 2021 to DKK 31m (Q2 2020: DKK 28m)
- Profit before tax increased by 14% to DKK 13m (Q2 2020: 12m)
- Customer hours increased from 55% to 59%
- Extraordinary dividend pay-out of DKK 6 per share, amounting to DKK 776m in total.
Outlook for 2021
Columbus maintains outlook for 2021:
- Revenue is expected to be in the range of DKK 1,650m and DKK 1,800m.
- EBITDA is expected to be in the range of DKK 125m and DKK 150m.
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 18 August 2021 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Corporate CFO Hans Henrik Thrane.
Webcast: Please login to the webcast via Columbus’ investor site where you can follow the presentation and submit your written questions during the call:
Conference call: It will be possible to raise a question during the presentation. Dial in details:
- Denmark:
- UK/International: +44 (0) 2071928338
- USA:
- Conference-ID: 2758791
Please dial in a few minutes before to allow time for registration of name and company.
For further information, please contact:
- Hans Henrik Thrane, Corporate CFO, ,
- Tine Rasmussen, Communication Director, ,
About Columbus
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
For more information visit .
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