Copenhagen, 23 August 2018: With revenue increase of 52% (DKK 978m) and EBITDA* growth of 40% (DKK 99.6m) Columbus delivered a strong first half.
The revenue growth was primarily driven by the acquisition of iStone which Columbus announced on 2 January 2018 and secondarily by the acquisition of HiGH Software on 9 January 2018. The increase in EBITDA* was also driven by the mentioned acquisitions.
”Columbus delivered strong growth in the first half of the year, where we showed progress in a range of our strategic business areas such as Columbus Software, Columbus Care and cloud services while completing a historic acquisition of iStone. iStone is our largest acquisition ever and I am very satisfied with the integration process where we experience many synergies across customers, solutions and deliveries”, says CEO in Columbus, Thomas Honoré.
Strong progress in the sale of Columbus Software
The sale of Columbus Software grew by 37%. Both the sale of Columbus’ existing software portfolio and HiGH Software’s portfolio within rental and leasing solutions increased. The conversion to cloud continues and the sale of Columbus’ own software products shows great progress in a growing market.
iStone drives the growth in the services business
The service revenue increased by 74% in the first 6 months (DKK 751m). The growth is primarily driven by the acquisition of iStone and HiGH Software and secondarily by great progress in Columbus Care services. Columbus Care ensures high availability of the critical applications and infrastructure in the business and is an area with strong increasing demand from Columbus’ customers.
Increase in recurring revenue
In the first 6 months recurring revenue increased by 24% now constituting 22% of the total revenue in Columbus. The progress was primarily driven by the acquisitions, growth in Columbus Care and cloud-services. Recurring revenue is based on a long-term customer relation and consists of Columbus Software subscriptions, external software licenses, cloud and Columbus Care contracts.
Columbus maintains expectations to 2018
Columbus maintains the announced expectations to 2018 with a revenue in the level of DKK 2bn and EBITDA* in the level of DKK 200m.
*EBITDA before share-based payment
Columbus2020 – aiming for growth
Columbus is half way through our five-year strategy Columbus2020 which support Columbus’ vision of being the preferred service provider of digital business solutions globally. Columbu2020 focuses on four strategic elements: Customer Success, Digital Leadership, Process Excellence and Our People.
Columbus is a listed international IT services and consulting company with 2,000 employees headquartered in Denmark serving customers worldwide. Columbus helps ambitious companies transform, maximize and futureproof their business digitally. We are experts within the industries retail, food, distribution and manufacturing. We’ve proved this through more than 28 years of experience in the industry. Columbus has offices and partners all around the world.
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