Q1 Report 2022
Company announcement no. 16/2022
Revenue growth of 7% in Q1 2022
”The first quarter of the year has been heavily focused on building a strong organization to fuel for growth.”, says CEO & President Søren Krogh Knudsen.
Performance highlights for the period 1 January to 31 March 2022
All numbers and comments are on the continued business (excluding the divested entities Russia, US SMB, To-Increase and Baltics):
- Revenue increased by 7% in Q1 2022 to DKK 393m (Q1 2021: DKK 367m).
- EBITDA decreased to DKK 30m in Q1 2022 (Q1 2021: DKK 38m). The decrease is mainly caused by an increase in staff cost, use of subcontractors and higher spend of other external cost.
- Negative effect of discontinuing Columbus Russia by DKK 25m.
- Hiring 114 new talents
- Salary as a percentage of revenue increased by approx. 2% compared to FY 2021
- YTD efficiency 62%
- Divestment of Columbus Russia
- Strengthening our One Columbus culture
Service revenue split on Business Lines
| DKK ´000 | Q1 2022 | Q1 2021 | ∆% |
| Cloud ERP | 179,511 | 188,908 | -5.0% |
| Columbus Care | 71,808 | 62,693 | 14.5% |
| Digital Commerce | 45,930 | 39,431 | 16.5% |
| Data & Analytics | 15,319 | 5,106 | 200.0% |
| Customer Experience & Engagement | 11,527 | 9,393 | 22.7% |
| Other Local Business | 18,946 | 16,087 | 17.8% |
| Total sale of services | 343,041 | 321,618 | 6.7% |
| Total sale of products | 49,808 | 45,016 | 10.6% |
| Total net revenue | 392,849 | 366,634 | 7.2% |
Service revenue split on Market Units
| DKK ´000 | Q1 2022 | Q1 2021 | ∆% |
| Sweden | 139,099 | 131,044 | 6.1% |
| Denmark | 65,564 | 63,556 | 3.2% |
| Norway | 70,000 | 61,852 | 13.2% |
| UK | 39,989 | 38,096 | 5.0% |
| US | 19,961 | 18,538 | 7.7% |
| Other | 7,275 | 7,411 | -1.8% |
| GDC | 1,153 | 1,121 | 2.9% |
| Total sale of services | 343,041 | 321,618 | 6.7% |
| Total sale of products | 49,808 | 45,016 | 10.6% |
| Total net revenue | 392,849 | 366,634 | 7.2% |
Outlook for 2022
Based on the financial performance in Q1 2022, current order book and pipeline, our full year guidance for 2022 will remain unchanged as follows.
- Revenue is expected to be in the range of DKK 1,525m – 1,625m corresponding to an organic growth of 8% to 15%.
- EBITDA is expected to be in the range of DKK 120m –145m corresponding to a growth of 34% to 62%.
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 10 May 2022 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Head of Global Finance Operations, Nicole Bluhme.
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: 7165708
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 2,500 ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,750 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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