Interim Report Q3 2024
05 November 2024 - 9:08AM
UK Regulatory
Interim Report Q3 2024
Company announcement no. 20/2024
Revenue growth continues in Q3
Revenue growth of 8% in Q3 2024, driven by our Cloud ERP
Business Line, Dynamics as well as Data & AI and CXE. Strong
progress in our Danish and UK Market Units. EBITDA growth of 42%
with an EBITDA margin of 7.9%. Overall, another satisfactory
quarter for Columbus.
“We are satisfied with the growth in Q3 2024,
driven by continued customer demands for a strong digital core,”
says CEO & President, Søren Krogh Knudsen
Q3 2024 highlights
- Revenue growth of 8%, amounting to
DKK 371m. 6% growth adjusted for acquisitions and currency.
- EBITDA amounted to DKK 29m, an
increase of 42% compared to Q3 2023.
- EBITDA margin was 7.9% compared to
6.0% in Q3 2023.
- Efficiency of 60% in Q3 2024, which
is at the same level as Q3 2023.
YTD 2024 highlights
- Revenue growth of 10%, amounting to
DKK 1,243m. 9% growth adjusted for acquisitions and currency.
- EBITDA amounted to DKK 115m, an
increase of 47.4% compared to Q3 YTD 2023.
- EBITDA margin was 9.2% compared to
6.9% in Q3 YTD 2023.
- Efficiency of 62% in Q3 YTD 2024,
compared to 63% in Q3 YTD 2023.
| Service revenue split
on Business Lines |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
DKK ´000 |
Q3 2024 |
Q3 2023 |
∆% |
YTD 2024 |
YTD 2023 |
∆% |
|
|
|
|
|
|
|
|
| Dynamics |
203,091 |
188,407 |
8% |
673,045 |
588,348 |
14% |
| M3 |
66,377 |
64,665 |
3% |
241,386 |
219,978 |
10% |
| Digital Commerce |
38,925 |
38,116 |
2% |
137,412 |
146,999 |
-7% |
| Data & AI |
22,254 |
18,115 |
23% |
63,066 |
56,200 |
12% |
| CXE |
18,971 |
15,468 |
23% |
62,173 |
46,923 |
33% |
| Other
Local Business |
5,539 |
5,468 |
1% |
17,274 |
19,161 |
-10% |
|
Total sale of services |
355,157 |
330,239 |
8% |
1,194,356 |
1,077,609 |
11% |
|
|
|
|
|
|
|
|
|
Total sale of products |
16,271 |
14,559 |
12% |
48,210 |
48,160 |
0% |
|
|
|
|
|
|
|
|
|
Total net revenue |
371,428 |
344,798 |
8% |
1,242,566 |
1,125,769 |
10% |
| Service revenue split
on Market Units |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
DKK ´000 |
Q3 2024 |
Q3 2023 |
∆% |
YTD 2024 |
YTD 2023 |
∆% |
| |
|
|
|
|
|
|
| Sweden |
100,221 |
112,317 |
-11% |
382,015 |
405,912 |
-6% |
| Denmark |
92,699 |
76,121 |
22% |
307,930 |
240,206 |
28% |
| Norway |
46,630 |
46,802 |
0% |
173,359 |
175,947 |
-1% |
| UK |
83,184 |
61,614 |
35% |
236,178 |
161,356 |
46% |
| US |
21,204 |
23,225 |
-9% |
61,001 |
64,584 |
-6% |
| Other |
10,256 |
8,990 |
14% |
30,504 |
26,488 |
15% |
|
GDC |
963 |
1,170 |
-18% |
3,369 |
3,116 |
8% |
|
Total sale of services |
355,157 |
330,239 |
8% |
1,194,356 |
1,077,609 |
11% |
|
|
|
|
|
|
|
|
|
Total sale of products |
16,271 |
14,559 |
12% |
48,210 |
48,160 |
0% |
|
|
|
|
|
|
|
|
|
Total net revenue |
371,428 |
344,798 |
8% |
1,242,566 |
1,125,769 |
10% |
Outlook 2024 maintained
Based on the development in the first three quarters of 2024, our
strong pipeline and order backlog, we maintain our 2024
expectations:
- Revenue guidance expected to be in the range of 8-10% organic
growth
- EBITDA margin expected to be in the range of 9-10%
Live webcast and conference call on 5 November
2024
Columbus is hosting a live webcast and conference call on 5
November 2024 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/BIa41fe53a677a414e98854db2a3e36f50
Live presentation on 7 November 2024
HC Andersen Capital will host a live presentation of Q3 2024
results on 7 November 2024 at 15:00 CET. Presenters from Columbus
A/S will be CEO & President Søren Krogh Knudsen and Group CFO
Brian Iversen.
You can already now submit questions and sign up for the event
via this link:
https://www.inderes.dk/videos/columbus-presentation-of-q3-2024-interim-report
A recording of the presentation will be available via the same
link.
For further information, please contact:
- Søren Krogh Knudsen, CEO &
President, Tel.: +45 7020 5000
About Columbus
Columbus is a global digital consultancy specialized in solving
complex challenges for customers in the manufacturing, retail &
distribution, food & beverage, and life science industries.
With over 1,600 digital advisors in more than ten countries, we
deliver business-critical solutions in areas such as Cloud ERP,
Data & Analytics, Application Management, Digital Commerce,
Cybersecurity, AI Innovation, and ESG. With headquarters in Denmark
and presence worldwide, we ensure local delivery of our services on
a global scale. www.columbusglobal.com
For more information visit
www.columbusglobal.com.
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