Interim Report Q2 2024
22 August 2024 - 5:05PM
UK Regulatory
Interim Report Q2 2024
Company announcement no. 15/2024
Key Business Lines sustaining momentum in
Q2
The development in Q2 2024 reflects a strong momentum in the
majority of our business with particular strong performance in our
largest area, Cloud ERP, representing 75% of our operations.
Overall, the revenue growth of 9% in Q2 2024 was in line with
expectations. The EBITDA margin for the quarter was 7%. Our
unconditional focus on achieving a 15% EBITDA margin by 2026 led to
a streamlining and performance exercise in Q2 2024 with full effect
in Q4 2024. We maintain our 2024 full-year financial
expectations.
“We delivered a strong revenue growth of 9% in Q2 2024
driven by solid development in our core ERP business. However, our
relentless focus on achieving a 15% EBITDA margin by 2026 led to
necessary streamlining of the organization during the quarter,”
says CEO & President, Søren Krogh Knudsen
Q2 2024 highlights
- Revenue growth of 9% amounting to DKK 427m. 8% growth adjusted
for acquisitions and currency.
- EBITDA amounted to DKK 30m compared to DKK 18m in Q2 2023.
- EBITDA margin was 7.0% compared to 4.6% in Q2 2023.
- Efficiency of 63% in Q2 2024 compared to 66% in Q2 2023.
YTD 2024 highlights
- Revenue growth of 12%, amounting to DKK 871m. 10% growth
adjusted for acquisitions and currency.
- EBITDA amounted to DKK 85m (DKK 65m adjusted for the M3CS legal
case in Q1 2024), compared to DKK 57m H1 2023.
- EBITDA margin was 9.8% compared to 7.3% in H1 2023. Adjusted
for the M3CS case in Q1 2024, EBITDA margin was 7.5%.
- Efficiency of 63% in H1 2024 compared to 65% in H1 2023.
Service revenue split on Business Lines
|
DKK ´000 |
Q2 2024 |
Q2 2023 |
∆% |
YTD 2024 |
YTD 2023 |
∆% |
| |
|
|
|
|
|
|
| Dynamics |
224,026 |
191,261 |
17% |
454,062 |
387,640 |
17% |
| M3 |
81,935 |
74,717 |
10% |
175,010 |
155,313 |
13% |
| Digital Commerce |
45,108 |
50,203 |
-10% |
98,487 |
108,883 |
-10% |
| Data & AI |
22,105 |
18,719 |
18% |
40,812 |
38,085 |
7% |
| CXE |
23,775 |
15,853 |
50% |
43,202 |
31,455 |
37% |
| Security |
7,926 |
12,301 |
-36% |
15,893 |
12,301 |
29% |
| Other
Local Business |
5,486 |
7,438 |
-26% |
11,735 |
13,693 |
-14% |
|
Total sale of services |
410,361 |
370,492 |
11% |
839,201 |
747,370 |
12% |
|
|
|
|
|
|
|
|
|
Total sale of products |
16,538 |
19,980 |
-17% |
31,937 |
33,602 |
-5% |
|
|
|
|
|
|
|
|
|
Total net revenue |
426,899 |
390,472 |
9% |
871,138 |
780,972 |
12% |
Service revenue split on Market Units
|
DKK ´000 |
Q2 2024 |
Q2 2023 |
∆% |
YTD 2024 |
YTD 2023 |
∆% |
| |
|
|
|
|
|
|
| Sweden |
133,849 |
147,730 |
-9% |
281,795 |
293,594 |
-4% |
| Denmark |
106,917 |
83,636 |
28% |
215,234 |
164,086 |
31% |
| Norway |
60,613 |
57,338 |
6% |
126,728 |
129,146 |
-2% |
| UK |
77,461 |
54,037 |
43% |
152,994 |
99,743 |
53% |
| US |
20,242 |
19,339 |
5% |
39,797 |
41,359 |
-4% |
| Other |
10,144 |
7,438 |
36% |
20,248 |
17,497 |
16% |
|
GDC |
1,135 |
974 |
17% |
2,405 |
1,945 |
24% |
|
Total sale of services |
410,361 |
370,492 |
11% |
839,201 |
747,370 |
12% |
|
|
|
|
|
|
|
|
|
Total sale of products |
16,538 |
19,980 |
-17% |
31,937 |
33,602 |
-5% |
|
|
|
|
|
|
|
|
|
Total net revenue |
426,899 |
390,472 |
9% |
871,138 |
780,972 |
12% |
Outlook 2024 maintained
Based on the development in the first half 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 22 August
2024
Columbus is hosting a live webcast and conference call on 22 August
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/BIeaffc0f600a74f4e9c64fb4262b99bf0
Live presentation on 23 August 2024
H C Andersen Capital will host a live presentation of Q2 2024
results on 23 August 2024 at 13:00 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-interim-report-q2-2024
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 CloudERP, 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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