Copyright © Inderes 2011 - present. All rights reserved.
Logga in för att få aviseringar
  • Senaste
  • Börs
    • Aktiejämförelse
    • Börskalender
    • Utdelningskalender
    • Aktieanalys
    • Artiklar
  • inderesTV
  • Portfölj
  • Forum
  • Q&A
  • Om oss
    • Följda bolag
    • Teamet
Analytikerkommentar

Columbus: Maintains 2024 guidance after 8% revenue growth (6% organic growth) and improved EBITDA margin in Q3 2024

Av Kasper LihnHead of Research
2024-11-05 11:43
Columbus

This morning, Columbus reported its Q3 2024 results, maintaining its 2024 guidance. In Q3 2024, revenue growth was 8% (6% organic growth), driven by its Dynamics (8% YoY) business area and especially also high growth in Data & AI (23% YoY) and CXE (23% YoY). In Q3 2024, the EBITDA margin improved to 7.9% (from 6.0% in Q3 2023). Efficiency was 60% in Q3 2024, the same level as Q3 2023.

In the largest business line, Dynamics, Columbus continues to see a strong win rate. However, it is also stated in today's report that Columbus is starting to experience increased postponements and changing decision patterns from its customers on larger projects. This is in line with comments from other IT service companies, yet Columbus has been somewhat more protected by servicing business-critical Cloud ERP business lines such as Dynamics.

Geographically, the highest growth was from the UK (35% YoY) and Denmark (22% YoY), while Sweden (-11% YoY) and the US (-9% YoY) were more challenged in the quarter. 

In Q3 2024, Columbus decreased its number of average FTEs to 1,573 (from an average of 1,588 in Q3 2023), primarily driven by the reduction of its workforce in the Digital Commerce business area.  

Looking year-to-date (first 9 months of 2024), revenue growth is 10% (9% organic growth), and the EBITDA margin is 9.2% (6.9% for the first 9 months of 2023), positively affected by the M3CS legal case. Efficiency year-to-date is 62%, slightly below last year’s efficiency YTD of 63%. Cash flow from operating activities YTD has almost doubled to DKK 95.9m (from DKK 48.1m YTD 2023). 

With maintained expectations for 2024, Columbus’ revenue guidance is still organic growth in the range of 8-10% and an EBITDA margin in the range of 9-10% range. 

Columbus’ CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen will present the results in an online live event on Thursday, 7 November 2024 at 15:00. The management presentation will be followed by a Q&A session. Sign up and ask your questions here: https://www.inderes.dk/videos/columbus-presentation-of-q3-2024-interim-report

Disclaimer: HC Andersen Capital receives payment from Columbus for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn, 5 November 2024, 11:43 (updated 11:48). 

Columbus

11,3DKK2024-11-04 17:20

Columbus är ett IT-bolag. Bolaget erbjuder konsultation och lösningar inom digital transformation, molnbaserade lösningar, analysprogram samt diverse IoT lösningar. Verksamhet innehas på global nivå, med kunder som huvudsakligen återfinns inom detalj-, livsmedels- samt tillverkningsindustrin. Bolaget grundades 1990 och har sitt huvudkontor i Ballerup, Danmark.

Read more on company page
Följ oss på våra kanaler i social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Ta kontakt
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • Om oss
  • Our team
  • Inderes som en investering
  • Tjänster för börsbolag
Our platform
  • FAQ
  • Servicevillkor
  • Integritetspolicy
  • Disclaimer
Inderes disclaimer gällande utförda aktieanalyser kan läsas här. För mer detaljerad information över de aktier som aktivt bevakas av Inderes, vänligen se respektive bolags bolagsspecifika sida på Inderes webbplats. © Inderes Oyj. Alla rättigheter förbehållna.

  • Senaste
  • Börs
    • Aktiejämförelse
    • Börskalender
    • Utdelningskalender
    • Aktieanalys
    • Artiklar
  • inderesTV
  • Portfölj
  • Forum
  • Q&A
  • Om oss
    • Följda bolag
    • Teamet

Sekretessinställningar

Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.