Interim Report Q2 2023
Company announcement no. 15/2023
Progress continues in Q2
11% revenue growth in Q2 2023 including a negative impact from
currencies of 5 percentage points. EBITDA result was DKK 18m
corresponding to an EBITDA margin of 4.6% which is on par with last
year. Our role as trusted advisor is being proof pointed by
welcoming new customers in our key segments and extending
engagements with our existing customers.
“We have had a busy first half of 2023 expanding our customer
list with prominent names across all Business Lines, and we are
glad that our revenue numbers speak for themselves solidly moving
towards our financial ambition of 10% organic growth from 2023”,
says CEO & President, Søren Krogh Knudsen
Q2
2023
highlights
- Revenue growth of 11% amounting to DKK 390m. 16% growth
adjusted for acquisitions and currency.
- EBITDA amounted to DKK 18m.
- EBITDA margin was 4.6% compared to 4.7% in Q2 2022.
- Efficiency of 70% in Q2 2023, a 6 percentage point increase
compared to Q2 2022.
- Improved cash flow from operating activities amounting to DKK
12m.
- Business Line Security introduced.
- Established AI Innovation Program.
H1 2023 highlights
- Revenue growth of 9% amounting to DKK 781m. 14% growth adjusted
for acquisitions and currency.
- EBITDA growth of 24% amounting to DKK 57m.
- EBITDA margin was 7.3% compared to 6.4% in H1 2022.
- Efficiency was 69% in H1 2023.
- Acquisition of ICY Security ApS.
Service revenue split on Business Lines
|
DKK ´000 |
Q2 2023 |
Q2 2022 |
∆% |
YTD 2023 |
YTD 2022 |
∆% |
| |
|
|
|
|
|
|
| Dynamics |
191,261 |
177,230 |
7.9% |
387,640 |
358,925 |
8.0% |
| M3 |
74,717 |
77,108 |
-3.1% |
155,313 |
158,711 |
-2.1% |
| Digital Commerce |
50,203 |
47,032 |
6.7% |
108,883 |
92,962 |
17.1% |
| Data & Analytics |
18,719 |
14,289 |
31.0% |
38,085 |
29,633 |
28.5% |
| Customer Experience &
Engagement |
15,853 |
12,538 |
26.4% |
31,455 |
24,065 |
30.7% |
| Security |
12,301 |
0 |
100.0% |
12,301 |
0 |
100.0% |
| Strategy & Change |
3,302 |
1,935 |
70.6% |
5,121 |
4,374 |
181.2% |
| Other
Local Business |
4,136 |
4,261 |
-2.9% |
8,572 |
8,765 |
-2.2% |
|
Total sale of services |
370,492 |
334,393 |
10.8% |
747,370 |
677,435 |
10.3% |
|
|
|
|
|
|
|
|
|
Total sale of products |
19,980 |
16,764 |
19.2% |
33,602 |
37,539 |
-10.5% |
|
|
|
|
|
|
|
|
|
Total net revenue |
390,472 |
351,157 |
11.2% |
780,972 |
714,974 |
9.2% |
Service revenue split on
Market Units
|
DKK ´000 |
Q2 2023 |
Q2 2022 |
∆% |
YTD 2023 |
YTD 2022 |
∆% |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Sweden |
147,730 |
141,747 |
4.2% |
293,594 |
280,845 |
4.5% |
| Denmark |
83,636 |
60,924 |
37.3% |
164,086 |
126,490 |
29.7% |
| Norway |
57,338 |
67,262 |
-14.8% |
129,146 |
137,262 |
-5.9% |
| UK |
54,037 |
38,079 |
41.9% |
99,743 |
78,068 |
27.8% |
| US |
19,339 |
18,302 |
5.7% |
41,359 |
38,263 |
8.1% |
| Other |
7,438 |
7,282 |
2.1% |
17,497 |
14,557 |
20.2% |
|
GDC |
974 |
797 |
22.2% |
1,945 |
1,950 |
-0.3% |
|
Total sale of services |
370,492 |
334,393 |
10.8% |
747,370 |
677,435 |
10.3% |
|
|
|
|
|
|
|
|
|
Total sale of products |
19,980 |
16,764 |
19.2% |
33,602 |
37,539 |
-10.5% |
|
|
|
|
|
|
|
|
|
Total net revenue |
390,472 |
351,157 |
11.2% |
780,972 |
714,974 |
9.2% |
Outlook 2023 maintainedBased
on the development in the first half of 2023, our strong pipeline
and order backlog, we maintain our 2023 expectations:
- Revenue guidance expected to be in the range of DKK 1,550m –
1,600m, corresponding to an organic growth of 8-12% (constant
currencies)
- EBITDA guidance expected to be in the range of DKK 119m – 139m,
equal to a margin of 7.4 - 9.0%
Live webcast and conference callColumbus is
hosting a live webcast and conference call on 24 August 2023 at
13:00 CET. The webcast is hosted by CEO & President Søren Krogh
Knudsen and Group CFO Brian Iversen.
Webcast: Please login to the webcast via Columbus’ investor site
where you can follow the presentation and submit your written
questions during the call:
https://ir.columbusglobal.com/calendar-and-events
Conference call:
1. Participants are required to register in advance of the
conference using the link provided below. Upon registering, each
participant will be provided with Participant Dial In Numbers, and
a unique Personal PIN.
2. In the 10 minutes prior to call start time, Participants will
need to use the conference access information provided in the
e-mail received at the point of registering. Participants may also
use the call me feature instead of dialling the nearest dial in
number.
Online Registration to the call:
https://register.vevent.com/register/BI8c33313f3a2e48a8a5fc39bd89cc07dd
For further information, please contact:
- Søren Krogh Knudsen, CEO &
President, Tel.: +45 7020 5000
About Columbus Columbus is a global IT
services and consulting company specialized in digital
transformation. Our more than 1,550+ digital explorers collaborate
with our customers in the manufacturing, retail & distribution,
and food & process industries. We advise, implement and manage
business critical solutions within Strategy & Change, Customer
Experience, Digital Commerce, Data & Analytics, Application
Management and Cloud ERP. Headquartered in Denmark, we have offices
and partners worldwide - delivering locally on a global
scale. www.columbusglobal.com. Columbus A/S is
listed on Nasdaq Copenhagen – COLUM
For more information visit
www.columbusglobal.com.
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