Columbus A/S
Columbus delivers record high earnings for the second year in a row

Columbus A/S 

17.03.2015 11:27

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                               Release no. 5/2015

In 2014, Columbus continued the recent years' growth in earnings and increased
EBITDA* by 13% and the net result for the year by 142%. This is the best result
in the company's 25-year history. 

Columbus has today published the Annual Report, cf. release no. 4/2015.

In 2014, Columbus delivered a revenue of DKK 878,3m. EBITDA* amounted to DKK
81.6m., corresponding to an increase of 24% compared to 2013. The net result
for the year amounted to DKK 52.7m., and constitutes a growth of 142%. Hereby
Columbus announces record high earnings for the second year in a row. 

Based on the net result and cash flow, the Board of Directors proposes that the
General Meeting adopts a dividend payment of 10% of the nominal share capital. 

Continuous progress in earnings in the consultancy business

Columbus' consultancy business achieved an increase in revenue by 5%. At the
same time, the company improved efficiency and increased the number of
chargeable hours. Overall, this resulted in a considerably growth in earnings
in the consultancy business. 

Increased earnings in Columbus' software business

In 2014, Columbus increased the sale of own software by 3%. Earnings (EBITDA)
in Columbus' software business improved by 26%, primarily because of the 3%
increase in sales. Columbus' software business constituted 44% of EBITDA* in
2014 (2013: 39%). 

Growth in revenue from industry solutions

Revenues from our industry solutions: food, retail and manufacturing continued
the progress and now constitutes 77% of the total revenue. This is in line with
expectations and the company has hereby achieved an important target for the
year. 

New acquisitions strengthen Columbus' market position

In 2014, Columbus strengthened its market position by the acquisitions of the
companies Omnica - a retail and e-commerce consultancy, and Dynamics Anywhere -
a mobility software company. The integration of the two companies are
progressing as planned. 

'In total, 2014 has been characterized by great progress in Columbus. The group
reached important milestones, and today Columbus is recognized as a global
consultancy, delivering industry-specific value to customers. After a
satisfying year, I am convinced that Columbus is on its way to become an even
more successful Company', says Ib Kunøe, Chairman of the Board. 

Expectations for 2015

In 2015, Columbus expects revenue in the level of DKK 1bn and EBITDA* in the
level of DKK 90m, corresponding to a growth of 14% and 10% respectively
compared to the 2014 results. The expectations for 2015 are affected by the
operational challenges, Columbus is experiencing in US and Norway, where we are
currently executing recovery plans in order to improve both sales and earnings,
as well as the uncertainties in the Russian economy and the Russian rubles. 



Ib Kunøe                                  Thomas Honoré

Bestyrelsesformand                Koncernchef

Columbus A/S              Columbus A/S





For further information, please contact:

CEO Thomas Honoré, T: +45 70 20 50 00.

Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version. 







* EBITDA before share-based payment
News Source: NASDAQ OMX



17.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Columbus A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010268366
WKN:          
 
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