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Columbus (COLUM) investor relations material
Columbus Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Q3 2025 revenue declined by 7% year-over-year to DKK 347m, mainly due to challenging market conditions in Denmark and Norway, with early recovery signs in Sweden and continued growth in the US.
Adjusted EBITDA dropped 18% year-over-year to DKK 24m (margin 6.9%), impacted by lower activity, redundancy-related costs, and reduced operational efficiency.
Contribution margin remained stable at 23% after adjusting for an extraordinary redundancy provision, reflecting strong project execution.
M3 division achieved 8% revenue growth in Q3, with improved contribution margin and positive momentum, especially in Sweden and the US.
Rightsizing initiatives led to a reduction of 89 employees and DKK 11m in redundancy provisions, aiming to strengthen profitability and efficiency.
Financial highlights
Q3 2025 revenue: DKK 347m, down 7% year-over-year; YTD revenue: DKK 1,191m, down 4%.
Adjusted EBITDA for Q3 2025: DKK 24m (margin 6.9%); YTD adjusted EBITDA: DKK 89m (margin 7.4%).
Contribution margin stable at 23% after redundancy provision.
Profit after tax for Q3 2025: -DKK 9.6m; YTD profit after tax: DKK 7.6m.
Cash flow from operating activities: DKK 7m in Q3 2025, DKK 42m YTD.
Outlook and guidance
Full-year 2025 revenue expected around DKK 1.7bn, in line with 2024.
EBITDA margin guidance maintained at 7-9%.
Management expects gradual uplift in Q4 2025, driven by improved utilisation and cost discipline.
Pipeline of large projects is strong, with many decisions expected in November and early December.
Outlook remains subject to macroeconomic and geopolitical uncertainties.
What is the scope of the capacity adjustment?
What drives M3's improved contribution margin?
Discuss challenges of agentic entity development
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Frequently asked questions
Columbus offers digital solutions for the manufacturing, food, beverage, and retail and distribution industries worldwide. The company's digital solutions include Product Information Management (PIM) that enables organizations to create a single view of all product information across their business; eCommerce that provides companies with unified web and app experiences; Stores that offer integrated store management solution; Order Management System (OMS) and Warehouse Management System (WMS) that offers customers with integrated management of orders, inventory, and stores.
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