Interim Report Q1 2023

Company announcement no. 10/2023

New customer wins boost Q1 efficiency and earnings
“Our unwavering focus on improving efficiency, improved project quality and cross sales is now reflected in the significantly improved EBITDA margin of 10%. We delivered a solid result in Q1 2023, and we have a positive view of the development with a strong pipeline and order backlog,” says CEO & President, Søren Krogh Knudsen

Q1 2023 highlights

  • Revenue growth of 7% amounting to DKK 391m. 12% growth in constant currencies
  • EBITDA amounts to DKK 39m, and an EBITDA margin of 10% compared to 8% in Q1 2022
  • Efficiency of 67% in Q1 2023, a 5 percentage point increase compared to Q1 2022
  • Acquisition of ICY Security ApS, to be fully consolidated from 1 April 2023.

Service revenue split on Business Lines

DKK ´000Q1 2023Q1 2022∆%
Digital Commerce58,68145,93027.8%
Data & Analytics19,36615,31926.4%
Customer Experience & Engagement15,60211,52735.3%
Strategy & Change1,8192,439-25.4%
Other Local Business4,4373,66621.0%
Total sale of services376,880343,0409.9%
Total sale of products 13,62020,774-34.4%
Total net revenue390,500363,8147.3%

Service revenue split on Market Units

DKK ´000Q1 2023Q1 2022∆%
Total sale of services376,880343,0409.9%
Total sale of products 13,62020,774-34.4%
Total net revenue390,500363,8147.3%

Outlook updated
On 11 April 2023, the financial full-year guidance for 2023 was updated as a consequence of the acquisition of ICY Security:

  • Revenue guidance was adjusted to DKK 1,550m – 1,600m, corresponding to a growth of 12-15% and an organic growth of 8-12%, both in constant currencies.
  • EBITDA was adjusted to DKK 119m – 139m, corresponding to an EBITDA margin of 7.4% - 9.0%

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 16 May 2023 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:

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:

Conference Registration (

For further information, please contact:

  • Søren Krogh Knudsen, CEO & President, Tel.: +45 7020 5000

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. Columbus A/S is listed on Nasdaq Copenhagen – COLUM  

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Interim Report Q1 2023