Columbus A/S · OMXCOP:COLUM
Columbus A/S — Q3 2026 Earnings Presentation
30 slides from Columbus A/S's earnings presentation, Nov 5, 2026
Slide 1: Financial results Q3 2026 and new strategy: ASTRA 29
Webcast & Tele Conference 5 November 2026 at 13:00 Financial results Q3 2026 and new strategy: ASTRA 29
Slide 2: Disclaimer
Disclaimer Columbus A/S’ financial reports, whether in the form of annual report or interim report filed with the Danish Business Authority and/or announced via the company’s website and/or Nasdaq Copenhagen, as well as any presentations based on such financial reports, and any other written informa
Slide 3: Presenters
3 Presenters Søren Krogh Knudsen Columbus CEO Brian Iversen Columbus CFO
Slide 4: Agenda
Webcast Q3 2026 4 Agenda 01 Financial and operational highlights Q3 2026 02 Financial outlook 03 Presenting new strategy: ASTRA 29 04 Questions
Slide 5: Financial highlights Q3 2026
5 Financial highlights Q3 2026 Revenue 367 Efficiency A 6% increase in revenue in Q3 2026 marked the second 347 (mDKK) (%) 62% quarter of growth, indicating a return to positive momentum. 6% 62% 58% Dynamics 365 grew by 8% in the quarter, primarily due to strong performance in Norway and the US. Q
Slide 6: Market and operational highlights
Financial results Q3 2026 Market and operational highlights
Slide 7: New headquarters in Nordhavn
Market and operational highlights 7 New headquarters in Nordhavn Orientkaj 22, Copenhagen • Attractive and modern location closer to customers • Supports our market position and workforce demands • Official opening November 16th
Slide 8: Our momentum continues
Market and operational highlights 8 Our momentum continues Sustained revenue growth The third quarter of 2026 marked the second quarter in a row with year-on-year growth, demonstrating sustained momentum. Revenue in % 11% 8% 6% 6% 2% 1% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Slide 9: Performance exercise strengthens position to enter new strategy
Market and operational highlights 9 Performance exercise strengthens position to enter new strategy Adjustments strengthen operational efficiency Capacity and cost base aligned with current market conditions and future business requirements, impacting +80 employees. The capacity adjustment has resul
Slide 10: Financials
Financial results Q2 2026 Financials
Slide 11: Service revenue Q3 2026 – Business Lines
11 Service revenue Q3 2026 – Business Lines • Continued strong growth in Norway and the US supported an 8% Revenue in DKK million increase in Dynamics 365 service revenue. Q3 2025 Q3 2026 • For M3, service revenue remained broadly flat as solid growth in Germany offset weaker +8% performance in the
Slide 12: Contribution margin Q3 2026 – Business Lines
12 Contribution margin Q3 2026 – Business Lines • Dynamics 365 experienced a strong increase in the contribution Contribution margin in % margin, primarily driven by activity -13pp in Norway and general improved Q3 2025 efficiency. Q3 2026 56% • M3 delivered a 13% contribution margin in Q3 2026, par
Slide 13: Service revenue Q3 2026 – Market Units
13 Service revenue Q3 2026 – Market Units • Sweden ended Q3 2026 with a 3% decline, primarily driven by a Revenue in DKK million slowdown in Dynamics 365, while Q3 2025 M3 delivered a 14% growth. Q3 2026 • Denmark continues to face a slow- down driven by Dynamics 365. -3% • UK reported a 1% service
Slide 14: Outlook
Financial results Q2 2026 Outlook
Slide 15: Outlook for 2026
15 Outlook for 2026 Columbus has seen improved activity levels and a return to revenue growth in both Q2 and Q3. However, low activity in the first half of 2026 and a major restructuring completed in Q3 2026 have impacted profitability during the year. Consequently, we adjusted our EBITDA margin gui
Slide 16: New strategy 2027-29
Webcast Q3 2026 New strategy 2027-29
Slide 17: Columbus Strategy 2027–2029
COLUMBUS STRATEGY 2027–2029 AMBITION DIRECTION EXPLORATION
Slide 18: New Heights
New Heights We strengthened Columbus, grew our capabilities and reached a stronger position.
Slide 19: Designed to position Columbus for the next transformation wave
2027 – 2029 Designed to position Columbus for the next transformation wave in enterprise technology.
Slide 20: A strong foundation for the next transformation wave
A strong foundation for the next transformation wave Digital consultants | 1,100 customers | Four focus industries | Core markets: Scandinavia, UK & US TRUSTED PARTNERSHIPS INDUSTRY & PLATFORM DEPTH DATA & AI MOMENTUM Customers stay At the heart of our New capabilities and grow with us customers’ di
Slide 21: Cloud ERP grows - at varying pace
Cloud ERP grows - at varying pace European ERP spending The market is expected to grow from USD 19bn in 2026 and reach 29bn by 2031 Forces driving sustained demand End of legacy support Dynamics AX now receives no patches, Norway Sweden no regulatory updates, and no security fixes United Kingdom Den
Slide 22: Ambition
AMBITION AI is transforming operations and business-critical systems A highly capable partner is needed to succeed Ambition Be the strategic partner leaders trust to build, run, and evolve mission-critical agentic business systems - across enterprise technology - to the heart of operations.
Slide 23: AI reshapes how technology spending flows and grows
AI reshapes how technology spending flows and grows TAM EXPANSION REVENUE SHIFT Labour converts into technology spend Spending is moving to AI and optimisation The agentic workforce, as the outsourcing partner, will tap into the Optimisation, adoption, AI and managed services is shifting salary budg
Slide 24: The IT consulting industry is being transformed
The IT consulting industry is being transformed SYSTEMS IMPLEMENTATION VALUE GAP AI is compressing delivery effort Expectations rise while value realisation lags AI has the potential to compress whole programme deliveries by The value realisation gap is expanding as technical capability keeps 20-40%
Slide 25: How we win
DIRECTION Accelerate services with AI and change commercial model How we win A Defend & extend the core Strengthen our services Must-win battles Scale managed services and expand Capture customers’ agentic toward operational technology transformation needs Build adjacent and emerging business
Slide 26: Accelerate services with AI and change commercial model
Strengthen our services A DIRECTION Accelerate services with AI and change commercial model ACCELERATE RE-PRICE RETAIN Achieve cost advantage Change commercial mix to Decouple from human-bound in the market reflect service improvement value-adding AI and agentic ways of working Fixed price, augmente
Slide 27: Customer segments
DIRECTION Selection drives intimacy and wallet expansion Customer industries Retail & Food & Manufacturing Life Science Other Distribution Beverage Segment size Continued ICP target: Upper mid-market and lower enterprise Global Industries Large size and Customer segments multinational Continued vert
Slide 28: Targets 2029
AMBITION Targets 2029 Financial Strategic 2bn 300m 20% Revenue (DKK) EBITDA (DKK) Recurring revenue From 1.6bn DKK in 2025 From 113m DKK in 2025 From 15% in 2026
Slide 29: Questions?
Questions? Columbus
Slide 30: Investor contact
30 Investor contact Brian Iversen, Corporate CFO, brian.Iversen@columbusglobal.com, +45 7020 5000