Q3 Report 2021
Release no. 33/2021
Q3
2021
Revenue growth of 11% in Q3
2021
”We are satisfied with the revenue and headcount
growth for Q3 and now having cumulated growth for the first nine
months of 2021. Columbus experience great demand currently and has
hired 171 new people during Q3”, says CEO & President Søren
Krogh Knudsen.
Financial highlights for the period 1 January to 30 September
2021All numbers and comments are on the continued business, thus
excluding discontinued operations (excluding the divested entities
SMB US, To-Increase and Baltics).
Financial figures
DKKm |
Q3 2021 |
Q3 2020 |
∆% |
YTD 2021 |
YTD 2020 |
∆% |
Revenue reported |
323 |
290 |
11% |
1,090 |
1,066 |
2% |
Foreign
exchange |
-6 |
0 |
0% |
-9 |
0 |
0% |
Organic revenue |
317 |
290 |
9% |
1,081 |
1,066 |
1% |
|
|
|
|
|
|
|
EBITDA reported |
4 |
37 |
-90% |
78 |
96 |
-19% |
Adjustment of provision for
loss making contract |
0 |
13 |
-100% |
0 |
15 |
-100% |
Reversal of earn-out |
0 |
-28 |
-100% |
0 |
-28 |
100% |
Normalized EBITDA1 |
4 |
22 |
-83% |
78 |
83 |
-6% |
|
|
|
|
|
|
|
Normalized EBITDA-margin |
1.1% |
7.5% |
-84.8% |
7.2% |
7.8% |
-7.3% |
Revenue specification
DKKm |
Q3 2021 |
Q3 2020 |
YTD 2021 |
YTD 2020 |
2020 |
|
|
|
|
|
|
Sale of
services |
|
|
|
|
|
Cloud ERP |
143 |
138 |
521 |
538 |
714 |
Columbus Care |
61 |
52 |
197 |
175 |
235 |
Digital Commerce |
31 |
24 |
113 |
98 |
128 |
Data & Analytics |
7 |
6 |
20 |
17 |
24 |
Customer Experience &
Engagement |
4 |
5 |
21 |
18 |
24 |
Other Local Business |
27 |
19 |
67 |
58 |
77 |
Total sale of services |
273 |
243 |
938 |
904 |
1.202 |
|
|
|
|
|
|
Sale of
products |
|
|
|
|
|
Cloud ERP |
39 |
38 |
108 |
121 |
167 |
Columbus Care |
4 |
3 |
13 |
11 |
17 |
Digital Commerce |
4 |
2 |
11 |
8 |
10 |
Data & Analytics |
1 |
0 |
2 |
1 |
1 |
Customer Experience &
Engagement |
0 |
0 |
1 |
2 |
3 |
Other Local Business |
2 |
4 |
16 |
20 |
31 |
Total sale of products |
50 |
46 |
152 |
162 |
229 |
|
|
|
|
|
|
Total net revenue |
323 |
290 |
1,090 |
1.066 |
1,431 |
Performance highlights for Q3
2021:
- Revenue increased by 11% in Q3 2021
to DKK 323m (Q3 2020: 290m).
- Normalized EBITDA decreased to DKK
4m in Q3 2021 (Q3 2020: DKK 22m). The decrease is mainly caused by
extraordinary costs related to recruitment, onboarding, new ERP
platform implementation and external advice.
- Profit before tax declined to -11,3m
(Q3 2020: 18,1m).
- Leadership succession in key
Business Units
- Acceleration tracks for Focus23
driven by global leadership group
- Hiring 171 new people – increasing
FTE with net 122 by end of Q3 compared to end of Q2
- YTD customer work remained high
amounting to 57% vs. 53% last year.
- Divestment of Columbus US SMB
business
Outlook for 2021Due to the
divestment of the SMB business our guidance is adjusted
accordingly. As the SMB business will be reported as discontinued
business revenue guidance will be reduced by DKK 150m and EBITDA
reduced by DKK 25m.
Adjusted guidance:
- Revenue is expected to be in the
range of DKK 1,500m – 1,650m
- EBITDA is expected to be in the
range of DKK 100m – 125m
Live webcast and conference callColumbus is
hosting a live webcast and conference call on 3 November 2021 at
13:00 CET. The webcast is hosted by CEO & President Søren Krogh
Knudsen and Corporate CFO Hans Henrik Thrane.
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: It will be possible to raise a question during
the presentation. Dial in details:
- Denmark: +45 32 72 04 17
- UK/International: +44 (0)
2071928338
- USA: +1 6467413167
- Conference-ID: 8391829
Please dial in a few minutes before to allow time for
registration of name and company.
For further information, please contact:
- Hans Henrik Thrane, Corporate CFO,
HHT@columbusglobal.com, +45 7020 5000
- Tine Rasmussen, Communication
Director, TRA@columbusglobal.com, +45 2969 0677
About ColumbusColumbus is a global digital
consultancy headquartered in Denmark. For +30 years, we have helped
more than 5.000 ambitious companies transform, maximize, and
futureproof their business digitally. Columbus employs more than
1,800 digital advisors and consultants focused on the
manufacturing-, retail & distribution-, and food & process
industries. We offer end-to-end digital services and solutions
within Strategy & Change, Cloud ERP, Data & Analytics,
Application Management, Digital Commerce, and Customer Experience.
Columbus has offices and partners all over the world and we deliver
our solutions and services locally – on a global scale. Columbus
A/S is listed on Nasdaq Copenhagen – COLUM
For more information visit
www.coloumbusglobal.com.
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