Tuesday, November 5, 2024
spot_img

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.

Attachment

  • Interim Report Q3 2024

Powered by SlickText.com

Hot this week

Nokia Corporation: Repurchase of own shares on 05.11.2024

Nokia CorporationStock Exchange Release5 November 2024 at 22:30 EET...

Canadian General Investments: Investment Update – Unaudited

TORONTO, Canada, Nov. 05, 2024 (GLOBE NEWSWIRE)...

Alchip Reveals 2nm Test Chip Plan

Joins the first wave of new semiconductor transistor architecture...

Topics

spot_img

Related Articles

Popular Categories

spot_img