DGAP-News: Columbus IT improves revenue and profitability with an increased strategic focus
ID: 376393
29.03.2011 13:58
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Columbus IT today presents its 2010 annual report. The revenue increased to DKK
867.4m, compared to DKK 835.7m in 2009, and operating EBITDA reached DKK 50.1m
compared to DKK 35.4m in 2009. Overall, the result is satisfactory.
Ballerup, 2011-03-29 13:57 CEST (GLOBE NEWSWIRE) --In 2010, Columbus IT continued to execute the company's strategy, which focuses
on three clearly defined industries: retail, food and manufacturing. The
strategy positions Columbus IT as the most innovative and leading supplier of
business solutions to these three industries.
'In 2010, the market remained cautious due to the global economic situation;
therefore, we have maintained a stringent focus on optimising the company's
business operations. But this was also a year in which Columbus IT took a
number of strategically important leaps. Seen in this light, the annual results
are satisfactory; Columbus IT emerges from 2010 as a stronger, more focused and
much more profitable company,' says Columbus IT CEO Claus E. Hansen.
At the end of 2010, the group's balance sheet has improved significantly -
Columbus IT has managed to replace an interest-bearing net debt of DKK 4.2m
with a balance of DKK 52.4m. Thus, the company is well positioned for further
investments in the realisation of the company's strategy and continued
expansion.
'In the second half of 2010, Columbus IT saw the value of our clear focus on
the three industries and particularly in the retail sector we have managed to
position our business and solutions, winning strategically important retail
customers worldwide. We have chosen to focus on three industries in which
Columbus IT was already strong, and which offer considerable market potential,'
says Columbus IT CEO Claus E. Hansen.
Progress in strategically important markets
Particularly in the key growth markets, the UK and US, Columbus IT generated
significant growth in 2010. In the UK, revenue increased by 42% and in the US
revenue increased by 18% to DKK 112.5m.
'The UK and US are at the core of our focused industry strategy and a major
part of Columbus IT's expertise and deep insight into the three industries
stems from experience with global projects in these countries. At the same
time, the market and the need for Columbus IT's three industry solution sets
are particularly mature in these two countries. The next version of our
industry-specific solution, targeting the manufacturing industry, will be
deployed in all countries at the end of Q3 in 2011, supported by a global
manufacturing competence centre. The roll out will begin in the US and progress
east and will - in conjunction with the retail and food solutions - comprise
the driving force behind Columbus IT's continued growth in the coming years,'
says Columbus IT CEO Claus E. Hansen.
Earnings before depreciation (EBITDA) amounted to DKK 50.1m, compared to DKK
35.4m in 2009, representing a 42% increase. Adjusted for currency exchange
rates and the sale of the industry solution to Microsoft in 2009, EBITDA rose
by 75%. The earnings are in line with previously announced expectations.
Further growth in 2011
In 2011, Columbus IT will continue to execute the company's strategy for
increasing growth and profitability in the long term. The projects and
initiativeslaunched in the autumn of 2010 will be intensified in 2011, which
will entail significant costs for the group. The plan in 2011 is to spend
approx. DKK 20m on internal projects, of which approx. DKK 13m will impact
operations in the form of increased costs. Thus, EBITDA in 2011 is expected to
be DKK 55m, or 10% above 2010. Revenue is expected to be around DKK 930m.
The annual report can be downloaded from www.columbusit.com or by contacting
CFO Hans Henrik Thrane at hht@dk.columbusit.com or on (+45) 29 69 06 69.
About Columbus IT
Columbus IT operates as a software and service company in the market for
integrated business solutions based on Microsoft Dynamics, primarily for the
retail, food and manufacturing industries. Columbus IT is one of the leading
Microsoft Dynamics consultancies, with more than 1,000 employees operating
worldwide and a total customer base of more than 5,000 companies. Read more at
www.columbusit.com.
For more information:
CEO Claus E. Hansen, Columbus IT
E-mail: ceh@dk.columbusit.com
Mobile: +45 29 69 06 66
News Source: NASDAQ OMX
29.03.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Columbus IT Partner A/S
Denmark
Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010268366
WKN:
End of Announcement DGAP News-Service
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Datum: 29.03.2011 - 13:58 Uhr
Sprache: Deutsch
News-ID 376393
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