The consultancy realized revenue of DKK 275m, corresponding to an increase of 15% compared to the same period last year. At the same time earnings (EBITDA*) significantly improved and amounted to DKK 26m, which is an increase of 85%.
”We continue the positive progress from 2015 with increased revenue and earnings, while we improve customer experience, invest in digital solutions and strengthen our market position. With a good start to the year Columbus is well positioned to execute our new strategy Columbus2020”, says CEO in Columbus Thomas Honoré.
Strong growth driven by the services business
The revenue growth is primarily affected by acquisitions made in 2015 and 2016. Furthermore, we see a solid progress in the services business, primarily in Columbus’ US business. The increase in EBITDA is partly driven by the effect of acquisitions and partly by a significant growth in the profitability in the services business.
In 2015, Columbus acquired the companies InterDyn BMI and Sherwood Systems in the US and MW data and MW Solutions in Denmark. In February this year, Columbus acquired Systemhosting in Denmark.
Improved earnings in Columbus’ services business
Columbus’ services business had a strong first quarter with 15% revenue growth and increased earnings (service EBITDA), which increased from DKK 4.6m (Q1 2015) to DKK 17.0m in Q1 2016. The main reason for the significant improvement is higher productivity, especially in Columbus Norway and US.
Stable progress in Columbus’ software business
Columbus’ software business had a good start to the year with a revenue growth of 7%. The revenue from Columbus Software subscriptions increased by 15%, which is recurring revenue. The development is satisfactory and in line with expectations.
Columbus maintains expectations to 2016
Columbus maintains the announced expectations to 2016 and thus expects revenues in the level of DKK 1.2bn and EBITDA* in the level of DKK 120m.
Read the Interim Management Statement for Q1 2016 here
Learn more about Columbus2020 here
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