Solid Q1 2010
In accordance with the regulations for listed companies' submission of interim
statements, Columbus IT Partner A/S hereby submits the interim management
statement for the period 01.01.2010 to 31.03.2010 (3 months).
As described in the annual report and financial statements the Company has
continued developing the foundation for the Company's long-term success within
the specifically selected industries; retail, food and industrial equipment
manufacturing (IEM).
Revenues in Q1 totaled DKK 191,915K, and EBITDA totaled DKK 5,789K,
corresponding to an increase in EBITDA of 43.8% compared to Q1 2009.
This increase is primarily a result of the strongly focused sales performance
towards the above-mentioned main industries, as well as continued focus on
capacity and costs.
Compared to the same period last year, the Company has experienced considerable
progress in the US, UK, Norway and Russia.
Columbus IT Partner A/S' previously announced expectations for 2010 are being
maintained, cf. annual report and financial statements of 29th March 2010. For
2010 Columbus IT expects revenues in the level of DKK 890M and EBITDA of DKK
50-55M.
No events or transactions with a material effect on the company's financial
position have occurred since the publication of the annual report and financial
statements 2009.
Ib Kunøe Claus Hansen
Chairman CEO
Columbus IT Partner A/S Columbus IT Partner A/S
For further information, please contact:
CEO Claus Hansen, T: +45 70 20 50 00.
Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.
