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Q3 Report 2021

Release no. 33/2021

Q3 2021

Revenue growth of 11% in Q3 2021

”We are satisfied with the revenue and headcount growth for Q3 and now having cumulated growth for the first nine months of 2021. Columbus experience great demand currently and has hired 171 new people during Q3”, says CEO & President Søren Krogh Knudsen.

Financial highlights for the period 1 January to 30 September 2021
All numbers and comments are on the continued business, thus excluding discontinued operations (excluding the divested entities SMB US, To-Increase and Baltics).

Financial figures

DKKmQ3 2021Q3 2020∆%YTD 2021YTD 2020∆%
Revenue reported32329011%1,0901,0662%
Foreign exchange-600%-900%
Organic revenue3172909%1,0811,0661%
EBITDA reported437-90%7896-19%
Adjustment of provision for loss making contract013-100%015-100%
Reversal of earn-out0-28-100%0-28100%
Normalized EBITDA1422-83%7883-6%
Normalized EBITDA-margin1.1%7.5%-84.8%7.2%7.8%-7.3%

Revenue specification

DKKmQ3 2021Q3 2020YTD 2021YTD 20202020
Sale of services     
Cloud ERP
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