Q1 Report 2021

Release no. 24/2021

Q1 2021

A profitable start to the year

“Despite an overall decline in revenue of 8% in the first quarter of 2021, Columbus delivered a significant EBITDA growth of 40%. With a profitable result, improved customer loyalty, the initial execution of Focus23 in Q1 and the forthcoming onboarding of our new CEO Søren Krogh Knudsen, we are confident that 2021 will be a successful year for Columbus”, says Chairman of the Board, Ib Kunøe.

Financial highlights for the period 1 January to 31 March 2021

DKKm	Q1 2021	Q1 2020	Development
Revenue reported	421	457	-7.9%
Foreign exchange	2	0	0.0%
Organic revenue	423	457	-7.5%
EBITDA reported	55	39	40.2%
Adjustment of provision for loss making contract	0	4	-100.0%
Normalized EBITDA	55	44	26.1%
Normalized EBITDA-margin	13.0%	9.6%	36.3%

All numbers and comments in the Q1 report are on the continued business, thus excluding the divested entities To-Increase and Baltics.

Financial figures

Revenue specification

DKKm	Q1 2021	Q1 2020	2020
Sale of services
Cloud ERP	194	212	697
Columbus Care	63	65	235
Digital Commerce	40	38	128
Data & Analytics	5	5	18
Customer Experience & Engagement	8	6	24
Other Local Business	39	44	159
Total sale of services	349	370	1,261
Sale of products
Cloud ERP	42	53	188
Columbus Care	4	5	20
Digital Commerce	4	3	10
Data & Analytics	0	0	1
Customer Experience & Engagement	1	1	3
Other Local Business	21	25	95
Total sale of products	72	87	317
Total net revenue	421	457	1,578

Performance highlights for Q1 2021:

• Revenue declined by 8% in Q1 2021 to DKK 421m (Q1 2020: 457m)

• EBITDA increased by 40% in Q1 2021 to DKK 55m (Q1 2020: 39m)

• Record-high EBITDA margin of 13% due to high utilization in our consultancy business

• Extraordinary dividend payout of DKK 6 per share, corresponding to DKK 776m

Our new CEO, Søren Krogh Knudsen will be joining Columbus 7 June 2021.

Columbus realised a strong start to the year with high utilization in our consultancy business resulting in a record-high EBITDA margin of 13%.

Completion of the divestment of our software company, To-Increase and our Baltic companies in Estonia and Lithuania were important milestones in executing our Focus23 strategy.

Outlook for 2021
Columbus maintains outlook for 2021:

• Revenue is expected to be in the range of DKK 1,650m and DKK 1,800m.

• EBITDA is expected to be in the range of DKK 125m and DKK 150m.

Live webcast and conference call
Columbus is hosting a live webcast and conference call on 18 May 2021 at 13:00 CET. The webcast is hosted by Interim CEO & Corporate CFO Hans Henrik Thrane.

Webcast: Please login to the webcast via Columbus’ investor site: https://ir.columbusglobal.com/calendar-and-events

Conference call dial-in details:

• Denmark: +45 32 72 04 17

• UK/International: +44 (0) 2071928338

• USA: +1 6467413167

• Conference-ID: 9759546

Please dial in a few minutes before to allow time for registration of name and company. Questions can be raised during the webcast.

For further information, please contact:

• Hans Henrik Thrane, Interim CEO & Corporate CFO, HHT@columbusglobal.com, +45 7020 5000

• Tine Rasmussen, Communication Director, TRA@columbusglobal.com, +45 2969 0677

About Columbus
Columbus is a global digital consultancy headquartered in Denmark. For +30 years, we have helped more than 5.000 ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,800 digital advisors and consultants focused on the manufacturing-, retail & distribution-, and food & process industries. We offer end-to-end digital services and solutions within Strategy & Change, Cloud ERP, Data & Analytics, Application Management, Digital Commerce, and Customer Experience. Columbus has offices and partners all over the world and we deliver our solutions and services locally – on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM

For more information visit www.coloumbusglobal.com.

Attachment

• Q1 Report 2021