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Columbus Q1 results The financial momentum continues

23 april, 2015
Columbus Q1 results - The financial momentum continues

Columbus continues the progress and delivers revenue growth of 16% and improvement in earnings of 9% in the first quarter of 2015.

Ballerup, 2015-04-23 13:10 CEST (GLOBE NEWSWIRE) -- Columbus A/S has announced Interim Management Statement for Q1 2015, and the consultancy is delighted with the good start of the year. 

Columbus has realized a revenue of DKK 240m, amounting to an increase of 16% compared to the same period last year. At the same time, earnings (EBITDA*) increased and constitutes DKK 14m, which is a growth of 9%.

”Columbus has experienced a very positive development in recent years and I am pleased once again to be able to present a good result with growth in both revenue and earnings”, says CEO Thomas Honoré.

Strong progress in Columbus’ software business
Columbus’ software business had a strong first quarter with revenue growth of 64%. Columbus business applications for manufacturing companies represent the highest growth and share of the software revenue, closely followed by Columbus’ business process management Tool, RapidValue, and Columbus’ Mobility Enterprise Solutions.

“Columbus' software business is a key element in increasing competitiveness and earnings, and therefore I am particularly pleased with the progress we have seen in the sale of Columbus Software. The acquisition of the software companies Omnica and Dynamincs Anywhere last year have strengthened our market position significantly within e-commerce, multichannel- and mobile business solutions to our customers, "says Thomas Honoré.

Significant volume increase in Columbus' global delivery center
Columbus' Global Delivery Center shows strong growth in Q1. The center has increased delivery volume by 41% compared to the first quarter. Volume increase is an important factor in improving productivity and flexibility in the delivery organization and in reducing overall costs

Revenue increase from industry solutions
Revenue from the three industry solutions to food, retail and manufacturing companies continued to grow and now accounts for 78% of total revenue. This is in line with expectations and a satisfactory result.

Strengthened position in the US market
On January 31 2015, Columbus acquired the American consultancy Interdyn BMI. The acquisition is in line with Columbus' strategy to expand within the company's focus markets.

The acquisition of Interdyn BMI gave Columbus more than 130 new employees and a wide geographical representation across the United States. In Q1, revenue in the US thereby grew by 88%.

Continued execution of Columbus 15
Columbus is now in his fourth and final year of the strategy Columbus15, and the company continues its strong focus on selling Columbus software, consulting and services to companies within the food-, manufacturing, and retail industries.

Columbus maintains expectations to 2015
Columbus maintains the announced expectations to 2015 and thus expects revenues in the level of DKK 1b and EBITDA in the level of DKK 90m., which corresponds to a growth of respectively 14% and 10% compared to the results in 2014.

         For further information, please contact:
         Communication Manager
         Tine Rasmussen
         +45 29 69 06 77

Kategorier Corporate