Columbus Interim Report Q3 2025

Core Insights - The third quarter of 2025 showed a 7% decline in revenue, amounting to DKK 347 million, with adjusted EBITDA of DKK 24 million, reflecting a margin of 6.9% [1][7][12] - The company maintains its full-year outlook, citing signs of improved customer activity and a solid pipeline [1][9] Q3 2025 Highlights - Revenue from Dynamics 365 decreased by 12% year-over-year, while M3 revenue increased by 8% [4] - Total service revenue declined by 7% to DKK 329 million, with total net revenue also down by 7% [4][8] - The EBITDA margin for Q3 2025 was 4.5%, down from 7.9% in Q3 2024, indicating a decrease in operational efficiency [7] Year-to-Date (YTD) 2025 Highlights - YTD revenue decreased by 4% to DKK 1.191 billion, with an adjusted EBITDA of DKK 89 million, slightly up from DKK 87 million in YTD 2024 [7] - The efficiency ratio for YTD 2025 was 61%, compared to 62% in the previous year [7] Market Performance - The company experienced varied performance across regions, with significant declines in Norway (17%) and Denmark (13%), while the US saw a growth of 28% [8] - The overall service revenue split indicates a challenging market environment, particularly in the Nordics [6][8] Future Outlook - The company expects revenue to align with 2024 levels, targeting approximately DKK 1.7 billion, with an EBITDA margin forecasted between 7-9% [12]