Interim Report Q2 2022
Company announcement no. 21/2022
Revenue growth of 4% in Q2 2022
”Our efforts to improve efficiency starts materializing. In Q2 2022 efficiency was 64% and continues to be one of our key performance indicators to improve.”, says CEO & President Søren Krogh Knudsen.
Q2 highlights
- Revenue growth of 4% amounting to DKK 390m
- EBITDA decline of 30% amounting to DKK 16m
- Improvement of efficiency to 64%
up from 59% in Q4 2021 - Hiring of new CFO Brian Iversen
- Hiring of key leadership positions in Market Units and Business Lines
- Launch of new leadership principles
- Pricing and cost initiatives
H1 highlights
- Revenue growth of 6% amounting to DKK 783m
- EBITDA decline of 25% amounting to DKK 46m
- Divestment of Columbus Russia with a negative effect of DKK 25m
- Focus on improving efficiency
- Stable number of employees
- Strengthening our one Columbus culture
Service revenue split on Business Lines
| DKK ´000 | Q2 2022 | Q2 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
| Cloud ERP | 171,155 | 174,885 | -2.1% | 350,666 | 363,793 | -3.6% |
| Columbus Care | 70,685 | 68,518 | 3.2% | 142,493 | 131,211 | 8.6% |
| Digital Commerce | 47,257 | 42,020 | 12.5% | 93,187 | 81,451 | 14.4% |
| Data & Analytics | 15,283 | 11,876 | 28.7% | 30,602 | 16,982 | 80.2% |
| Customer Experience & Engagement | 12,538 | 7,167 | 74.9% | 24,065 | 16,560 | 45.3% |
| Other Local Business | 17,476 | 16,026 | 9.0% | 36,422 | 32,111 | 13.4% |
| Total sale of services | 334,394 | 320,492 | 4.3% | 677,435 | 642,108 | 5.5% |
| Total sale of products | 55,309 | 53,247 | 3.9% | 105,117 | 98,263 | 7.0% |
| Total net revenue | 389,703 | 373,739 | 4.3% | 782,552 | 740,371 | 5.7% |
Service revenue split on Market Units
| DKK ´000 | Q2 2022 | Q2 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
| Sweden | 141,746 | 130,374 | 8.7% | 280,845 | 261,416 | 7.4% |
| Denmark | 60,926 | 64,635 | -5.7% | 126,490 | 128,191 | -1.3% |
| Norway | 67,262 | 63,535 | 5.9% | 137,262 | 125,387 | 9.5% |
| UK | 38,079 | 35,053 | 8.6% | 78,068 | 73,149 | 6.7% |
| US | 18,302 | 20,569 | -11.0% | 38,263 | 39,107 | -2.2% |
| Other | 7,282 | 6,113 | 19.1% | 14,557 | 13,524 | 7.6% |
| GDC | 797 | 213 | 274.2% | 1,950 | 1,334 | 46.2% |
| Total sale of services | 334,394 | 320,492 | 4.3% | 677,435 | 642,108 | 5.5% |
| Total sale of products | 55,309 | 53,247 | 3.9% | 105,117 | 98,263 | 7.0% |
| Total net revenue | 389,703 | 373,739 | 4.3% | 782,552 | 740,371 | 5.7% |
Maintained outlook
- Revenue is expected to be in the range of DKK 1,525m to DKK 1,625m, a growth of 8% to 15%.
- EBITDA is expected to be in the range of DKK 120m to DKK 145m, a growth of 34% to 62%.
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 24 August 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:
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:
For further information, please contact:
- Søren Krogh Knudsen, CEO & President, Tel.:
- Tine Rasmussen, Communication Director, , Tel.:
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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