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The global IT services company maintains momentum with 8% revenue growth in the first 6 months of the year. Growth in the services business and cloud drive the results.

Copenhagen, 24 August 2017: Columbus finished the first half of the year with a revenue of DKK 642m, corresponding to a growth of 8%. Earnings (EBITDA) amounted to DKK 71.2m, a growth of 7%.

”We are satisfied with the results. We follow our plan and deliver growth both in revenue and EBITDA. Columbus’ goal is to help our customers in the digital transformation of their business, and I am proud that we have obtained a leading market position within cloud and digital transformation projects”, says CEO & President in Columbus, Thomas Honoré.

Cloud projects deliver growth in the services business
In the first half of the year, Columbus’ services business grew by 10%, and is thus the main reason for the growth in revenue. At the same time service EBITDA grew by 14%, which is due to improved operation in the services business.

”We generally see a great demand from our customers for digitalizing and optimizing their business. In the first half of the year, we saw that cloud really took off, and today we deliver the majority of new ERP projects in the cloud”, says Thomas Honoré.

ColumbusCare grows by 67%
An important parameter in Columbus’ strategy is recurring revenue, as is creates stability and predictability in the business. In the first half of the year recurring revenue increased by 16%, and now constitutes 27% of the total revenue. Sale of ColumbusCare contracts is included with a significant growth of 67%, while cloud revenue grew by 120%.

“We have developed ColumbusCare from being pure support of the customer’s ERP into pro-active application management services, where we take the full responsibility for managing the  customer’s applications in the entire lifecycle.  We experience a greater demand from customers to be secured when their applications run in the cloud, which means that ColumbusCare has become an important competitive parameter for us”, says Thomas Honoré.

Columbus maintains expectations for 2017
The expectations to 2017 are maintained with revenue in the level of DKK 1.35bn and EBITDA in the level of DKK 150m. Columbus expects to pay a dividend of 10% on nominal share capital.

 

Read Columbus' Interim Financial Report:

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Columbus continues the progress and delivers revenue growth of 52% and growth in EBITDA* of 40% in the first 6 months. The acquisition of iStone and HiGH Software and sale of Columbus Software drive the growth. 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   Read the Interim Report here 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.   About Columbus 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. www.columbusglobal.com   Press Contact Communications Director Tine Rasmussen tra@columbusglobal.com +45 29 69 06 77
Columbus started the year with revenue growth of 51% and growth in EBITDA* of 75%. The acquisition of iStone drives growth. Copenhagen, 24 April 2018: With a revenue growth of 51% (DKK 469m), EBITDA*growth of 75% (DKK 51m) and a growth in the result before tax of 92% (DKK 32m) Columbus delivered a strong start to the year. The revenue growth was primarily driven by the acquisition of iStone, which Columbus announced 2 January 2018 and secondarily of the acquisition of HiGH Software 9 January 2018. The increase in EBITDA is also driven by the mentioned acquisitions.
Columbus’ financial results for 2017 show a successful execution of Columbus2020 with 2% revenue growth and 18% growth in result after tax. Copenhagen, 15 March 2018: With a revenue growth of 2% (DKK 1.2bn), an EBITDA* growth of 3% (DKK 149m) and an increase in result after tax of 18% (DKK 96m) Columbus delivered a satisfactory execution of the Columbus2020strategy in 2017 which was about customer satisfaction, cloud conversion and innovation.
Columbus acquires HiGH Software, a market leader within rental and lease management solutions for equipment-driven industries. Columbus hereby strengthen its market position within the manufacturing and services industry focused on equipment rental and leasing. Copenhagen, Denmark – 9 January 2018 – Columbus (OMX:COLUM): Today, Columbus  has entered into an agreement acquiring the Dutch company HiGH Software, a market leader within rental and lease management solutions for equipment-driven industries. The acquisition of HiGH Software is a strategic move that enables Columbus to drive further innovation and growth within the growing market for equipment rental and leasing across industries.
With acceptance from all 238 shareholders in iStone representing 100% of the share capital Columbus completes the acquisition of iStone. Columbus hereby enters the Swedish market and at the same time occupies a market leading position within e-commerce in the Nordic region. Copenhagen, 2 January 2018:  Columbus and iStone join forces and become market leading in the Nordic region within business applications and e-commerce. iStone, which is a leading IT services company within business applications and e-commerce solutions in Sweden and Norway adds more than 600 highly skilled employees to Columbus positioning Columbus as market leading in the Nordic region.
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