Update of financial outlook for 2022
November 14 2022 - 10:14AM
Update of financial outlook for 2022
Company announcement no. 28/2022
Columbus A/S reports
preliminary results for Q3 2022 and
updates full-year financial guidance
for 2022
Preliminary results for Q3 are as follows:
- Net revenue amounted to DKK 334m, corresponding to an organic
growth of 9%.
- EBITDA amounted to DKK 16m, an increase of DKK 15m compared to
Q3 2021.
During the past 6 quarters Columbus continued to deliver solid
organic growth despite increased uncertainty in our business
environment.
“Investments in new business areas and higher value consulting
skills have proven to deliver growth. Equally, streamlining of our
operations and processes continues to deliver positive effects.
However, these initiatives have required significant effort in the
short-term resulting in slower efficiency improvements and cost
optimisations than expected”, says CEO & President, Søren Krogh
Knudsen.
Consequently, Columbus A/S updates the full-year financial
guidance for 2022.
Revenue guidance specified Our
top-line is developing satisfactorily although with slightly lower
overall growth than expected due to longer sales processes.
Consequently, we specify the full-year revenue guidance, from a
range of DKK 1,525m – 1,625m to:
- Revenue guidance is specified to DKK ~1.525m
EBITDA guidance adjustedThe
EBITDA guidance for 2022 is revised to reflect the slower than
expected efficiency improvements in second half of 2022 and general
higher uncertainty in the markets in which Columbus operates.
Consequently, Columbus is adjusting the full-year guidance for
EBITDA from a range of DKK 120m – 145m to:
- EBITDA guidance is adjusted to DKK ~100m
Columbus will, as previously communicated, release its Interim
Report for Q3 2022 on 15 November 2022, with further details on the
performance in Q3 2022 and will host a teleconference for investors
and analysts on the same day at 13:00 pm CET.
For further information, please contact:Group
CFO, Brian Iversen, brian.iversen@columbusglobal.com, +45 26 77 69
91
- SE_28_2022_Update_of_financial_outlook_for_2022
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