A third quarter with satisfactory growth and earnings
11.4 % increase in revenues
Columbus' revenues in Q3 year-to-date amounted to DKK 651.9 million. This corresponds to an increase of 11.4 % compared to the same period last year.
For Q3 isolated, revenues amounted to DKK 191.2 million, which corresponds to an increase of 17.4% compared to Q3 2011.
"Columbus' revenue growth was primarily driven by our subsidiaries in Norway, UK and US ", says CEO Thomas Honoré, Columbus.
Significant increase in EBITDA
EBITDA amounted to DKK 20.7 million in Q3 year-to-date. This corresponds to an increase of 48.9% compared to the same period last year. Isolated, EBITDA in Q3 amounted to DKK 3.5 million, which corresponds to an increase of 250% compared to Q3 2011.
According to CEO Thomas Honoré the increase in EBITDA is to some extent a result of the increasing revenue and the continued focus on cost reductions.
Expectations for 2012 maintained
Columbus maintains the announced expectations to 2012, which are revenues in the level of DKK 900 million and an EBITDA in the level of DKK 50 million.
"Columbus is continuing the planned execution of the Columbus15 strategy. This includes the development of our global delivery models in India and that we increase the amount of projects in our vertical industries; Food, retail and manufacturing. Furthermore, Columbus is experiencing a considerable increase in sale of our own software", says CEO Thomas Honoré.
Columbus is the preferred business partner for ambitious companies worldwide within the food, retail and manufacturing industries. We exceed 20 years of experience and 6,000 successful business cases, and we are proud to offer our customers solid industry know-how, high performance solutions and global reach.
Read more at www.columbusglobal.com.