Daily Tech News, Interviews, Reviews and Updates

Columbus A/S Annual Report 2022

Company announcement no. 2/2023

2022 financial performance: Investment in organic growth

Columbus continued to grow revenue, which amounted to DKK 1,389m in 2022, corresponding to an increase of 9%. EBITDA increased by 3% to DKK 91.8m.

All major Business Lines and most Market Units contributed to the revenue growth, especially the strategic Business Lines Digital commerce, Data & Analytics and Customer Experience & Engagement delivered solid growth.

“We are satisfied with our results in 2022 delivering yet another year with organic growth. Our stronger position with larger customers and strengthened organization are the results of our focused growth strategy – but we also recognize that profitability must be improved in 2023”, says Chairman of the Board, Ib Kunøe

“Industry focus has truly proven its value and by the end of 2022 74% of our customers originated from our core industries. In 2023, we will also be selective in our new sales activities to further position Columbus as a trusted advisor for larger customers looking for integrity, proven track record and high levels of industry-specific expertise”, says CEO & President, Søren Krogh Knudsen.


Performance highlights 2022

  • Revenue growth of 9% amounting to DKK 1,389m
  • EBITDA amounted to DKK 91.8m
  • Recurring revenue amounted to DKK 192m, corresponding to an increase of 8%
  • Profit after tax amounted to DKK 30m
  • Efficiency of 63%

Operational highlights 2022

  • Our new CFO Brian Iversen joined Columbus
  • Divestment of Russian subsidiary
  • Launch of global customer development program
  • Improved efficiency in the Global Delivery Center in India
  • Merge of Project and Care Business Lines
  • Strengthening the Digital Advisory focus
  • Launch of new sustainability strategy
  • Continued focus on One-Columbus culture


Service revenue split on Business Lines

DKK ´000 2022 2021 ∆%
       
Dynamics 646,128 619,793 4.2%
M3 302,958 296,832 2.1%
Digital Commerce 192,233 157,184 22.3%
Data & Analytics 59,332 37,676 57.5%
Customer Experience & Engagement 45,179 30,008 50.6%
Strategy & Change 6,513 0 100.0%
Other Local Business 64,699 68,798 -6.0%
Total sale of services 1,317,042 1,210,291 8.8%
       
Total sale of products 72,392 68,893 5.1%
       
Total net revenue 1,389,434 1,279,184 8.6%


Service revenue split on Market Units

DKK ´000 2022 2021 ∆%
       
Sweden 525,024 483,888 8.5%
Denmark 252,862 247,979 2.0%
Norway 262,271 230,828 13.6%
UK 159,916 137,767 16.1%
US 80,284 80,915 -0.8%
Other 32,337 26,666 21.3%
GDC 4,348 2,248 93.4%
Total sale of services 1,317,042 1,210,291 8.8%
       
Total sale of products 72,392 68,893 5.1%
       
Total net revenue 1,389,434 1,279,184 8.6%


Outlook for 2023
In 2023 we expect organic growth close to or above 10% and earnings improvements through enhanced efficiency and focus on contract profitability. Our full year guidance for 2023 is as follows:

  • Revenue expected to be in the range of DKK 1,500m – 1,550m, corresponding to a growth of 8-12%
  • EBITDA is expected to be in the range of DKK 115m – 135m corresponding to a margin of 7.4% – 9.0%.

In Q4 2023, we will launch our new strategy with long-term operational og financial goals.

For full details, see attached Annual Report 2022.


Live webcast and conference call
Columbus is hosting a live webcast and conference call on 15 March 2023 at 13:00 CET. The webcast is hosted by CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen.

Webcast: Please log in 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/BI290b8a91b3524a7f9268d1c89f7bd879

For further information, please contact:

  • Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000
  • Tine Rasmussen, Communication Director, [email protected], Tel.: +45 2969 0677

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.

Attachments

  • COLUMBUS-2022-12-31-en
  • Annual Report 2022

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.



Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More
You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More