Columbus (One-pager): Well-positioned when the market rebounds
Last week, Columbus announced its Q2 2025 results. The results were affected by market headwinds in Q2 2025, which led to longer sales cycles and postponed IT project decisions.
In mid-July, Columbus downgraded its 2025 guidance due to the market headwinds. The guidance was confirmed in the Q2 2025 report last week. This implies that the company expects revenue around the same level as 2024, and the EBITDA margin guidance is adjusted to 7-9% (before 10-12%). To deliver on the 2025 revenue guidance (assuming same revenue as 2024), Columbus must grow its revenue by approx. 3.5% in H2 2025 compared to H2 2024.
We have updated our investment case one-pager to reflect the latest developments, including updated peer group data.
Earlier today, Columbus' management presented the Q2 2025 results and answered questions from the audience. Watch the recording here: https://www.inderes.dk/videos/columbus-presentation-of-interim-report-q2-2025
Disclaimer: HC Andersen Capital receives payment from Columbus for a Digital IR subscription agreement. /Kasper Lihn 16:00, 25 August 2025.