CORRECTION: Columbus Annual Report 2025

Core Viewpoint - Columbus has corrected its revenue growth outlook for 2026 to a range of 0-5%, reflecting a cautious market environment and adjustments in expectations for financial performance [1][12]. Financial Performance - Columbus reported a revenue of DKK 1,576 million in 2025, representing a decline of 5% compared to 2024 [6][7]. - EBITDA decreased by 26% to DKK 113 million, resulting in an EBITDA margin of 7.2% [6][7]. - Profit before tax was DKK 47 million, down 19% from the previous year [6]. - Cash flow from operating activities fell by 43% to DKK 77 million [6]. Service Revenue Breakdown - The service revenue split by business lines showed a decline in Dynamics 365 by 8% to DKK 899,147 thousand and Digital Commerce by 4% to DKK 173,384 thousand [5]. - The Data & AI segment saw a growth of 3% to DKK 90,992 thousand, while total service revenue decreased by 5% to DKK 1,506,353 thousand [5][6]. Market Performance by Region - Revenue performance varied by region, with Sweden and Denmark experiencing declines of 5% and 11% respectively, while the US market grew by 18% [7]. Strategic Outlook - The company aims to return to growth in 2026, with expectations of improved earnings driven by enhanced efficiency and a focus on contract profitability [8]. - The management emphasizes a disciplined approach to execution quality and strategic focus to build a resilient organization capable of delivering long-term value [3].