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

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

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, [email protected], +45 7020 5000
• Tine Rasmussen, Communication Director, [email protected], +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