Columbus Interim Report Q2 2025

Core Viewpoint - Columbus faced increased macro-economic headwinds in Q2 2025, resulting in a 4% decline in revenue and a decrease in EBITDA margin from 7% in Q2 2024 to 4% in Q2 2025, while maintaining positive cash flow from operating activities, which increased by 15% compared to Q2 2024 [1][7]. Q2 2025 Highlights - Revenue for Q2 2025 was DKK 410 million, down 4% from DKK 426.9 million in Q2 2024, with a 6% decline when adjusted for currency effects [4][7]. - EBITDA for Q2 2025 was DKK 16 million, compared to DKK 30 million in Q2 2024, resulting in an EBITDA margin of 4% [1][7]. - Total sales of services decreased by 4% to DKK 392.3 million, while total sales of products increased by 7% to DKK 17.6 million [4][8]. Year-to-Date (YTD) 2025 Highlights - For YTD 2025, total net revenue was DKK 843.8 million, a decline of 3% from DKK 871.1 million in YTD 2024 [4][7]. - EBITDA for YTD 2025 was DKK 63 million, slightly down from DKK 65 million in H1 2024, with an EBITDA margin of 7.4% [7]. Revenue Breakdown by Business Lines - Dynamics revenue decreased by 9% to DKK 233.7 million in Q2 2025, while M3 revenue increased by 2% to DKK 83.8 million [4][6]. - Digital Commerce revenue grew by 4% to DKK 46.9 million, and Data & AI revenue remained stable at DKK 22.1 million [4][6]. Regional Revenue Performance - Revenue from Denmark decreased by 12% to DKK 94.1 million, while revenue from the UK increased by 2% to DKK 79.3 million [8]. - The US market showed significant growth, with revenue increasing by 30% to DKK 26.4 million [8]. Outlook for 2025 - The company expects full-year revenue to be approximately DKK 1.7 billion, with an EBITDA margin projected to be in the range of 7-9% [9][13].