First half 2015: Columbus delivers 26% growth in revenue


                                                     

Release no. 19/2015
 

 

In the first half of 2015, Columbus delivered 26% growth in revenue compared to first half 2014. A significant growth in Columbus Software revenue of 57% and acquisitions are driving the revenue increase. EBITDA* increased by 8% to DKK 39.4m.

 

Columbus has today published the Interim Report for first half of 2015, cf. release no. 18/2015.

 

Acquisitions and sale of Columbus Software increased revenue in first half of 2015

The revenue amounted to DKK 548.4m in the first half of 2015, an increase of 26% compared to the same period last year. The revenue increase is primarily driven by the acquisition of InterDyn BMI in the US, and secondarily by the increased sale of Columbus Software.

 

EBITDA* increased by 8% to DKK 39.4m, which does not reflect the revenue growth. This is caused by a negative EBITDA in Norway due to the operational challenges previously announced. Exluding Norway, EBITDA* increased by 54%. Thus, in general the development in the group was positive.

 

Columbus’ net result increased by 48% in first half 2015 to DKK 25.5m. The increase is primarily due to the increase in EBITDA and positive financial income from currency adjustments of intercompany balances. 

 

Strong growth in sale of Columbus Software

Columbus’ software business had a strong first half with a total revenue growth of 57%. The revenue from Columbus Software increased both through Columbus entities and through external partners, and in total the sale of Columbus Software contributed to the total revenue growth by 3.5 percentage points.

 

Recovery and trimming of Columbus Norway

The recovery of Columbus Norway takes longer than initially expected. However, in April 2015 a new Country Manager with a solid experience from the ERP business came on board, and Columbus expects gradual recovery of the company during 2015 and 2016. 

 

Acquisitions strengthen the market position in US and Denmark

Columbus acquired two companies in first half; In January Columbus acquired the US consultancy InterDyn BMI with more than 130 employees and geographical reach across the US. In May, Columbus acquired the Danish consultancy MW data A/S and MW solutions A/S, specialized within manufacturing.

 

”I am satisfied with the growth in first half. Especially, I am enthusiastic about the increase in sale of Columbus Software, as this means that Columbus is leading when it comes to delivering unique and competitive industry solutions”, says CEO in Columbus, Thomas Honoré.

 

Development in revenue

 

DKK '000 H1 2015 H1 2014 2014
Columbus licenses  23,913  11,416  28,782
Columbus subscriptions  18,130  15,423  33,059
External licenses  49,438  32,114  73,891
External subscriptions  92,495  58,413  124,350
Consultancy  354,712  309,720  596,942
Other 9,757 9,332  21,267
Net revenue 548,445  436,418  878,291
       
EBITDA before share-based compensation 39,353 36,283 81,591
Share-based compensation -629 -1,294 -2,887
EBITDA 38,724 34,989 78,704

 

 

Columbus maintains expectations for 2015

The announced expectations for 2015 are being maintained, and Columbus expects revenue in the level of DKK 1.03bn and EBITDA* in the level of DKK 94m in 2015.


 

 

Ib Kunøe                                  Thomas Honoré

Chairman                                CEO & President

Columbus A/S              Columbus A/S

 

 

For further information, please contact:

CEO Thomas Honoré, 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.

 

 

 

 

*EBITDA before share-based compensation

 

 

 

 

 

 

 


Attachments

SE_19_2015_Columbus_delivers_26_pct_growth_in_revenue_in_first_half_2015.pdf