Interim Report Q3 2022
Company announcement no. 29/2022
Solid organic growth despite macro-economic uncertainty
”Despite rapid changes in the macro-economic environment, we delivered a satisfactory Q3 driven by immense effort in all our Business Lines and Market Units. We will continue to focus on increasing efficiency to improve EBITDA margin further”, says CEO & President Søren Krogh Knudsen.
Q3 2022 highlights
- Revenue growth of 9% amounting to DKK 334m
- EBITDA amounts to DKK 16m
- Efficiency of 61% in a quarter with summer vacation
- Our new CFO Brian Iversen joined Columbus
- Merge of Project and Care Business Lines
- Pricing and cost initiatives start materializing
- Launch of new sustainability strategy
Q3 2022 YTD highlights
- Revenue growth of 7% amounting to DKK 1,117m
- EBITDA amounted to DKK 62m which is on par with 2021
- Pricing and cost initiatives initiated
- Improved efficiency
- Stable number of employees
Service revenue split on Business Lines
| DKK ´000 | Q3 2022 | Q3 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
| Dynamics | 144,764 | 134,794 | 7.4% | 477,382 | 466,611 | 2.3% |
| M3 | 69,975 | 56,384 | 24.1% | 230,516 | 219,571 | 5.0% |
| Digital Commerce | 40,261 | 31,233 | 28.9% | 133,448 | 112,684 | 18.4% |
| Data & Analytics | 13,444 | 8,928 | 50.6% | 44,046 | 25,910 | 70.0% |
| Customer Experience & Engagement | 9,851 | 3,992 | 146.8% | 33,916 | 20,552 | 65.0% |
| Other Local Business | 15,967 | 14,378 | 11.1% | 52,389 | 46,489 | 12.7% |
| Total sale of services | 294,262 | 249,709 | 17.8% | 971,697 | 891,817 | 9.0% |
| Total sale of products | 40,026 | 57,114 | -29.9% | 145,143 | 155,377 | -6.6% |
| Total net revenue | 334,288 | 306,823 | 9.0% | 1,116,840 | 1,047,194 | 6.7% |
Service revenue split on Market Units
| DKK ´000 | Q3 2022 | Q3 2021 | ∆% | YTD 2022 | YTD 2021 | ∆% |
| Sweden | 107,676 | 87,566 | 23.0% | 388,521 | 348,982 | 11.3% |
| Denmark | 58,566 | 56,441 | 3.8% | 185,056 | 184,632 | 0.2% |
| Norway | 55,789 | 45,464 | 22.7% | 193,051 | 170,851 | 13.0% |
| UK | 41,085 | 34,101 | 20.5% | 119,153 | 107,250 | 11.1% |
| US | 21,209 | 19,859 | 6.8% | 59,472 | 58,966 | 0.9% |
| Other | 9,020 | 5,738 | 57.2% | 23,577 | 19,262 | 22.4% |
| GDC | 917 | 540 | 69.8% | 2,867 | 1,874 | 53.0% |
| Total sale of services | 294,262 | 249,709 | 17.8% | 971,697 | 891,817 | 9.0% |
| Total sale of products | 40,026 | 57,114 | -29.9% | 145,143 | 155,377 | -6.6% |
| Total net revenue | 334,288 | 306,823 | 9.0% | 1,116,840 | 1,047,194 | 6.7% |
Outlook updated
On 14 November 2022, the financial full-year guidance for 2022 was updated to:
- Revenue guidance is specified to DKK ~1,525m, a growth of 8%.
- EBITDA is adjusted to DKK ~100m, a growth of 12%.
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 15 November 2022 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:
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 IT services and consulting company specialized in digital transformation. Our more than 1,550+ digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale. . Columbus A/S is listed on
For more information visit .
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