Columbus (One-pager): Momentum continues in Q1 2024
Yesterday, Columbus reported its Q1 2024 results, showing a good start to 2024 driven by high growth in its Cloud ERP business lines. The Columbus share has performed well in 2024, up approx. 44% YTD. Based on the Q1 2024 results and the recent share price development for both Columbus and the peer group of Nordic-listed IT consultancy companies, we have updated our investment case one-pager. The investment case one-pager highlights key investment reasons and risks, and also provides valuation perspectives.
On Wednesday 15 May 2024 at 11:00, Columbus’ CEO & President Søren Krogh Knudsen and Group CFO Brian Iversen will present the strategic and financial results and answer questions from the audience. Sign up and submit your questions via this link: https://www.inderes.dk/videos/columbus-presentation-of-q1-report-2024
Disclaimer: HC Andersen Capital receives payment from Columbus for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 11:00, 9 May 2024.
Columbus
Columbus is a global IT services and consulting company, specializing in digital transformation with a focus on the manufacturing, retail & distribution, food & beverage, and life science industries. Headquartered in Denmark and with offices and partners across regions, Columbus advises, implements, and manages IT solutions within areas such as Cloud ERP, Digital Commerce, Data & AI, Customer Experience & Engagement, and Security.
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