Interim Management Statement for Q3 2014: Columbus continues profit growth

Columbus continues the progress and delivers strong result improvement for the 10th quarter in a row. In the first three quarters of 2014, Columbus delivers 10% increase in EBITDA and improves profit before tax with 127%. The consultancy continues growth in the consulting business and in sale of industry solutions.

| Source: Columbus A/S Columbus A/S

Ballerup, 2014-11-04 14:57 CET (GLOBE NEWSWIRE) -- Columbus A/S has published its Interim Management Statement for the third quarter 2014. The consultancy shows a profit before tax1 of DKK 30.1, corresponding to an increase of 127% compared to the same period last year. EBITDA2 has improved by 10% and amounts to DKK 45.5mio. Columbus maintains expectations for 2014.

“Columbus presents a satisfying third quarter with a great improvement of the result. We increased the sale of industry solutions and consultancy and we continue to strengthen our position on the market”, said Thomas Honoré, Columbus CEO.

The majority of Columbus’ subsidiaries show positive development and especially the English, Russian and Columbus’ software company had good progress. The company is facing challenges in the Norwegian and American subsidiaries, which consequently results in a decline in revenue. Columbus is currently executing recovery plans in order to get the subsidiaries back on track. 

 

The Consultancy Business continues revenue growth
Columbus maintains focus on increasing revenue and optimizing the consultancy business. In the first three quarters, the revenue increased by 7% and at the same time, the efficiency was significantly improved. In total, it means a significant improvement in earnings in the consultancy business.

 

Increased sale of Industry solutions
The sale of solutions to retail, manufacturing and food companies continues the progress and now constitutes 79% of the total revenue. The Manufacturing segment still represents the largest part of the revenue but is followed closely by sale to the retail industry, which has experienced a growth of 12 percentage points. Columbus’ acquisition of the retail and eCommerce company Omnica means that Columbus has strengthened its position on the retail market.

”eCommerce, mobile business solutions and digitalizing of business processes are some of the areas, where we experience increased demand from our customers, because it is a crucial element in increasing competitiveness”, said Thomas Honoré.

1Profit before tax, continuing operations
2EBITDA before share-based compensation

  

DKK ´000 YTD 2014
Net revenue 627.075
Sale of Industry Solutions 494.707
EBITDA* 45.521
Profit before tax, continuing operations 30.088

 

         For additional information, please contact:
         Communication Manager
         Tine Rasmussen
         tra@columbusglobal.com
         Tel: +45 29 69 06 77