COLUMNasdaq CopenhagenInformation Technology ServicesIFRS · DKK

COLUMBUS A/S

COLUMBUS A/S is a Danish digital transformation and IT services company that designs, implements, and operates business-critical solutions for enterprise customers. Its work spans cloud services, data and AI, ERP, CRM, and digital commerce across industries such as manufacturing, retail, food & beverage, and life science.

Revenue1,576m DKK
−5.0 %y/y
Operating profit (EBIT)58.4m DKK
−18.6 %y/y
EBIT margin3.7%
−0.6 ppy/y
Net income14.8m DKK
−72.8 %y/y
Free cash flow72.9m DKK
−44.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-50005001,0001,5002,000m DKK2021: 1,090 m DKK2021: EBIT -8.9 m DKK20212022: 1,389 m DKK2022: EBIT 35 m DKK20222023: 1,540 m DKK2023: EBIT 60 m DKK20232024: 1,659 m DKK2024: EBIT 72 m DKK20242025: 1,576 m DKK2025: EBIT 58 m DKK2025TTM 2026: 1,570 m DKKTTM 2026: EBIT 38 m DKKTTM1,57038
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Cloud Services25 %

Cloud hosting, managed services, and infrastructure support for enterprise systems.

ERP Services25 %

Implementation, upgrade, and support services around enterprise resource planning platforms.

CRM and Digital Commerce20 %

Customer engagement, sales, and e-commerce solutions built for enterprise workflows.

Data & AI15 %

Analytics, automation, and AI-enabled services used to improve business processes.

Consulting and Application Services15 %

Advisory, integration, and application development across core business processes.

Customers

Columbus sells primarily to mid-sized and large enterprises that rely on complex digital systems to run core operations. Its customer base spans manufacturing, retail, food & beverage, and life science, where buyers need industry-specific process expertise and long-term application support. The company also serves organizations that want to modernize legacy ERP and customer-facing platforms while improving data use and automation.

Manufacturing

Buys ERP, cloud, and process digitization services to standardize operations and integrate production workflows.

Retail

Buys CRM and digital commerce solutions to support customer engagement and omnichannel sales.

Food & Beverage

Buys enterprise systems and application services to manage planning, logistics, and traceability.

Life Science

Buys digital solutions that support regulated processes, data management, and compliance-oriented workflows.

Large Enterprises

Buys consulting, implementation, and managed services for mission-critical business applications.

Strategy

Columbus focuses on delivering business-critical digital solutions that connect cloud, ERP, CRM, and data capabilities for enterprise clients. Its strategy depends on combining industry knowledge with recurring services and implementation work, which helps it stay embedded in customer operations and win follow-on projects. The company’s positioning is strengthened by serving sectors where domain expertise and system integration matter more than generic IT delivery.

Industry-focused deliveryMedium term

Vertical expertise improves relevance in complex enterprise accounts and supports cross-sell.

Recurring service relationshipsMedium term

Managed services and support contracts improve customer retention and revenue visibility.

Cross-selling across solution areasShort term

Combining ERP, CRM, data, and cloud increases wallet share within the same customer base.

Geography

Columbus is headquartered in Denmark and operates across multiple international markets serving enterprise customers. The excerpt does not provide a detailed geographic revenue split, but the business appears to be built around serving clients in the Nordics and other European markets through local delivery and industry-focused teams. Its geography matters because enterprise software and services delivery depends on proximity to customers, language, and industry knowledge.

Risks

Columbus is exposed to IT project timing, customer spending cycles, and execution risk in large implementation programs. Because its solutions are embedded in core business processes, customer deferrals or slow decision-making can affect demand, while delivery quality and resource utilization can influence outcomes across projects. The company also faces competition from global IT services firms, software vendors, and niche specialists with similar enterprise capabilities.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Project timing and execution risk1Competitive pricing pressure2Customer demand cyclicality3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Project timing and execution riskImpact: HighLikelihood: High

    Revenue depends on successful delivery of implementation and transformation projects.

    ExposureERPCloudDigital commerce projects
  2. Competitive pricing pressureImpact: MediumLikelihood: High

    The market includes large systems integrators and platform-focused service providers.

    Exposure: Consulting and managed services

  3. Customer demand cyclicalityImpact: MediumLikelihood: Medium

    Enterprise clients can delay modernization projects when budgets tighten or priorities shift.

    Exposure: Manufacturing and retail spending cycles

Accounting

Judgemental items
IFRS 15 revenue recognition

Implementation and managed-service contracts may require judgment on progress toward completion and performance obligations.

Impact: Affects timing of revenue and margin recognition

Goodwill impairment

Acquisitions in consulting and software services can create goodwill that must be tested for impairment.

Impact: Could create non-cash write-downs if expectations change

Contract assets and liabilities

Project billing cycles may not match delivery progress, creating balances that need close monitoring.

Impact: Affects working capital and reported revenue timing

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026