| Company announcement no. 5/2021 March 16th, 2021 Columbus A/S Annual Report 2020 |
Company announcement
Satisfying result in a challenging year
“Despite the global pandemic, Columbus delivered a 2020 result in line with expectations. We are pleased with the results, especially seen in the light of the improved normalized EBITDA-margin to 7.3%. Our Dynamics Sweden business and our Norwegian subsidiary have shown significant growth in 2020, and in addition Cloud services and Columbus Care have also shown progress. The launch of our new strategy, Focus23, was an important milestone in 2020, and the adaption of the business with, among other things the divestment of To-Increase was the first step towards simplifying the business with a great focus on advisory of larger customers. During Q4 2002, we saw an increase in revenue and look forward to an exciting and more normal 2021”, says Chairman of the Board, Ib Kunøe.
New CEO for Columbus will be announced in near future
Columbus’ Board of Directors is in process of finalizing the recruitment of the company’s future CEO, and will in the near future announce the leader of Columbus’ continued development.
Financial highlights for the period 1 January to 31 December 2020
All numbers and comments are on the continued business excluding assets classified as held for sale and discontinued businesses.
| DKKm | 2020 | 2019 | Development |
| Revenue reported | 1,655 | 1,761 | -6% |
| Revenue from acquisitions during 2020 | -44 | 0 | 0% |
| Organic revenue | 1,611 | 1,761 | -9% |
| EBITDA reported | 138 | 157 | -12% |
| Adjustment of provision for loss making contract | 35 | 39 | -12% |
| Reversal of earn-out | -46 | -71 | -36% |
| EBITDA from acquisitions during 2020 | -11 | 0 | 0% |
| Normalized EBITDA | 117 | 125 | -7% |
| Normalized EBITDA margin | 7.3% | 7.1% | 2% |
| DKKm | 2020 | 2019 | Development |
| Columbus licenses | 4 | 10 | -59% |
| Columbus subscriptions | 21 | 22 | -4% |
| Columbus Cloud | 16 | 8 | 95% |
| External licenses | 78 | 74 | 6% |
| External subscriptions | 176 | 195 | -10% |
| External Cloud | 43 | 34 | 28% |
| Services | 1,302 | 1,386 | -6% |
| Other | 14 | 32 | -56% |
| Revenue reported | 1,655 | 1,761 | -6% |
| EBITDA reported | 138 | 157 | -12% |
Performance highlights for 2020:
Other highlights
Focus and simplicity:
Outlook for 2021
Based on the financial performance in 2020, current order book and pipeline forecast, our full year guidance for 2021 for the continued business is as follows:
Live webcast and conference call
Columbus is hosting a live webcast and conference call on 16 March 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:
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:
About Columbus
Columbus is a global IT services and consulting company with more than 1,800 employees serving 5,000+ customers worldwide. Columbus helps ambitious companies to maximize, transform and futureproof their business digitally. Columbus’ innovative solutions and services portfolio 9 Doors to Digital Leadership® delivers end-to-end digital solutions like cloud ERP, Digital Commerce, Data & Analytics, and Application Management that address the lifecycle and sustainability demands of the retail, distribution, food, and manufacturing industries. Columbus was founded in 1989 and is headquartered in Denmark with offices and partners all over the world, delivering solutions and services locally—on a global scale. Columbus A/S is listed on Nasdaq Copenhagen – COLUM
For more information: www.coloumbusglobal.com.
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