Columbus (One-pager): Well-positioned in the IT services sector with continued growth momentum
Yesterday, Columbus reported its Q3 2024 results. Columbus grew revenue by 8% (6% organic growth) and improved its EBITDA margin to 7.9%. The company maintained its 2024 guidance.
Columbus is well-positioned in the IT services sector with its exposure to business-critical ERP solutions despite general challenges across the IT services sector. This is shown by Columbus' double-digit YoY growth rates in 2024 (YTD) in its two largest business lines, Dynamics and M3.
We have updated our investment case one-pager after the Q3 2024 results, including an updated overview of the peer group of Nordic-listed IT services and consultancy companies. In addition to valuation perspectives, the one-pager introduces Columbus and highlights key investment reasons and risks.
Tomorrow, 7 November at 15:00, Columbus' CEO and CFO will present the Q3 2024 results. Sign up and ask your questions to the management here: https://www.inderes.dk/videos/columbus-presentation-of-q3-2024-interim-report
Disclaimer: HC Andersen Capital receives payment from Columbus for a Digital IR/Corporate Visibility subscription agreement./ Kasper Lihn 10:30, 6 November 2024.
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Columbus
Columbus is an IT company. The company offers consultation and solutions in digital transformation, cloud-based solutions, analysis programs, and various IoT solutions. Operations are conducted on a global level, with customers that are mainly found in the retail, food, and manufacturing industries. The company was founded in 1990 and is headquartered in Ballerup, Denmark.
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