Q4 2025 Columbus A/S Earnings Call Transcript

Mar 12, 2026 / 12:00PM GMT
Release Date Price: kr9.68

Key Points

Positve
  • Columbus AS (FRA:P1F) saw a positive development in the U.S. and U.K. markets, offsetting weaker performance in the Nordics.
  • The company won some very large contracts in Q4, including the biggest in its history in Norway, which is expected to positively impact future performance.
  • Significant investments were made in the data and AI unit, leading to strategic hiring and growth in this area.
  • Columbus AS (FRA:P1F) maintained a strong focus on cost discipline and margin preservation, which helped improve the EBITDA margin slightly from 7.4% in 2024 to 7.6% in 2025.
  • The company reported a positive cash flow from operations, indicating a solid financial position despite challenges.
Negative
  • Group revenues declined by 5% due to setbacks in the Dynamics 365 business unit and challenges in the Scandinavian market.
  • EBITDA declined by 26% compared to 2024, reflecting the impact of a challenging market environment.
  • Profit before tax decreased by 19% year-on-year, aligning with the EBITDA development.
  • The company faced longer sales cycles and project postponements due to geopolitical tensions and cautious customer behavior.
  • There was an 8% decline in revenue in Q4, with significant challenges in the Swedish and Danish markets.
Operator

Good afternoon, and welcome, everyone, to this webcast with the presentation of the Annual Report 2025 from Columbus that was published this morning. (Operator Instructions) With that said, I'll hand over to Columbus' CEO, Soren Knudsen and CFO, Brian Iversen. Please go ahead.

Soren Knudsen;S;President
Columbus A;Chief Executive Officer, Member of the Executive Board

/- -

Thank you very much, and welcome, everybody, to this webcast where we will be presenting our financial results for 2025 and also the Q4 results in isolation. Before we start, I will just present you with a short disclaimer, which I just ask you to briefly look through. As the operator said, I'm Soren Knudsen and joined by Brian Iversen next to me, and we will be presenting to you today, and we will also be answering your questions at the end of the call. So if we start with the financial highlights, Brian will go into a bit more detail later on. Our group revenues declined by 5% in what we would describe as a challenging market.

It was

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