Ballerup - 3 November 2015: Columbus A/S has today published the Interim Report for the third quarter of 2015 announcing continued progress in the global consultancy.
Columbus has realized a revenue of DKK 800.3m in the first three quarters of 2015. The revenue growth is primarily driven by acquisitions and a significant growth in the sale of Columbus Software.
Earnings (EBITDA*) increased by 12% and constitutes DKK 51.1m.
“We are satisfied with the result for the third quarter of 2015; It’s the 14th consecutive quarter that Columbus delivers progress. Especially our software business has excelled in delivering strong growth”, says CEO in Columbus, Thomas Honoré.
Columbus Software: Strong growth contributes to revenue and EBITDA increase
Columbus’ Software business constitutes an increasing share of Columbus’ total business. In the third quarter, the sale of Columbus Software grew by 60% compared to the same period last year, and both sale of Columbus licenses and Columbus subscriptions improved considerably. Today Columbus’ software business is thus a major contributor to the company’s growth and increased earnings.
Revenue growth in the consulting business
The sale of consultancy services increased by 18% in the first three quarters compared to the same period last year. Columbus’ consultancy business represents the largest share of the company’s total business and continued growth in the sale of consultancy services is essential for Columbus’ result.
Acquisitions and organic growth strengthen Columbus’ position in the US
Columbus’ US subsidiaries delivered strong progress in the first three quarters of 2015, which primarily is due to acquisitions. In general, the US subsidiary has experienced increased customer intake during Q3.
On 1 July 2015, Columbus acquired the US consultancy business Sherwood Systems with more than 300 customers. The acquisition of Sherwood Systems supports Columbus’ strategy to expand and strengthen the company’s position in the US market, stated earlier this year with the acquisition of the coast-to-coast consultancy InterDyn BMI.
Continued focus on execution of Columbus15
Columbus now enters its fourth and final quarter of the 4-year strategy Columbus15, with focus on selling Columbus Software, consultancy and services to companies within food, manufacturing and retail Industries.
Columbus’ new strategic plan for the period 2016 to 2020 will be announced at the presentation of the Annual Report for 2015.and
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