Columbus Interim Report Q2 2025
Company announcement no. 17/2025
Market caution reflected in Q2 resultsColumbus experienced increased macro-economic headwinds in Q2 2025, leading to prolonged sales cycles and postponed IT project decisions. As a result, revenue decreased by 4% and EBITDA amounted to DKK 16m in Q2 2025, corresponding to an EBITDA margin of 4%, compared to 7% in Q2 2024. Despite the decline in revenue, we maintain a stable operational business with positive cashflow from operating activities, up 15% compared with Q2 2024. The outlook for 2025 has been adjusted to reflect current market conditions.
"While the current market conditions require us to adjust our short-term expectations, we remain confident in Columbus' long-term growth potential and continue to execute our New Heights strategy with discipline and focus," says CEO & President, Søren Krogh Knudsen
Q2 2025 highlights
Revenue declined by 4%, amounting to DKK 410m. Adjusted for currency effect, the decline was 6%.
EBITDA amounted to DKK 16m, compared to DKK 30m in Q2 2024. When adjusted for other operating income and expenses, Q2 2024 ended at DKK 22m.
EBITDA margin was 4.0%, compared to 7.0% in Q2 2024. When adjusted for other operating income and expenses, Q2 2024 ended at 5.2%.
Efficiency of 63% in Q2 2025, same level as Q2 2024, but below expectations.
Solid cash flow achieved with DKK 18m from operating activities compared with DKK 16m in Q2 2024.
YTD 2025 highlights
Revenue declined by 3%, amounting to DKK 844m. Adjusted for currency effects, the revenue decline was 4%.
EBITDA amounted to DKK 63m compared to DKK 65m in H1 2024, when adjusted for the M3CS legal case.
EBITDA margin was 7.4% compared to 7.5% in H1 2024, when adjusted for the M3CS legal case.
Efficiency of 62% in H1 2025 compared to 63% in H1 2024.
Cash flow from operating activities was DKK 35m compared to DKK 39m in H1 2024.
Service revenue split on Business Lines
DKK ´000
Q2 2025
Q2 2024
∆%
YTD 2025
YTD 2024
∆%
Dynamics
233,733
255,727
-9%
486,792
513,160
-5%
M3
83,771
81,935
2%
168,585
175,009
-4%
Digital Commerce
46,917
45,108
4%
94,159
98,485
-4%
Data & AI
22,051
22,105
0%
46,001
40,812
13%
Other Local Business
5,786
5,486
5%
10,744
11,735
-8%
Total sale of services
392,258