Brief: Columbus Q1 EBITDA Decreases By 12% To DKK 53 Mln

Columbus A/S

28/04/2020 08:19

April 28 (Reuters) - Columbus A/S  COLUM.CO :
    * ACCEPTABLE RESULTS IN Q1 DESPITE OPERATING IN COVID-19
UNKNOWN
TERRITORY
    * IN MARCH REALITIES CHANGED AND COVID-19 CRISIS HAS
AFFECTED
RESULTS FOR Q1
    * COLUMBUS ARE IMPLEMENTING MEASURES TO DEAL WITH SITUATION
AND
HAS FULL ATTENTION ON WELLBEING OF EMPLOYEES WHILE SERVING
CUSTOMERS DIGITALLY.
    * IN Q1 2020, COLUMBUS DELIVERED GROWTH OF 6% AMOUNTING TO
REVENUES OF DKK 510M
    * EXPECTS TO SEE A SUBSTANTIAL, SHORT-TERM NEGATIVE IMPACT
ON
CUSTOMER DEMAND IN COMING PERIOD
    * OUTLOOK FOR 2020 AND LONG-TERM GUIDANCE WILL BE RELEASED
WHEN
HAVING A BETTER INSIGHT INTO IMPACT AND TEMPORARY MARKET
SLOWDOWN.
    * DUE TO CURRENT MARKET UNCERTAINTY CAUSED BY COVID-19, WE
EXPECT
A NEGATIVE IMPACT ON OUR BUSINESS AND FINANCIAL PERFORMANCE IN
COMING QUARTERS
    * REVENUE IN Q1 2020 AMOUNTED TO DKK 510M (Q1 2019: DKK
482M)
    * Q1 EBITDA DECREASED BY 12% TO DKK 53M PRIMARILY DUE TO
ONBOARDING OF 190 NEW EMPLOYEES AS PART OF COLUMBUS GROWTH
STRATEGY AS WELL AS AN INCREASE IN BAD DEPARTMENT PROVISION

Source text for Eikon:  ID:nGNE80HHhq 
Further company coverage:  COLUM.CO 

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