Columbus A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 01:39 pm IST
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Columbus A/S reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was DKK 344.8 million compared to DKK 309.53 million a year ago. Net income was DKK 3.37 million compared to net loss of DKK 1.55 million a year ago. Basic earnings per share from continuing operations was DKK 0.03 compared to basic loss per share from continuing operations of DKK 0.03 a year ago. Basic earnings per share was DKK 0.03 compared to basic loss per share of DKK 0.01 a year ago. Diluted earnings per share was DKK 0.03 compared to diluted loss per share of DKK 0.01 a year ago.
For the nine months, sales was DKK 1,125.77 million compared to DKK 1,024.5 million a year ago. Net income was DKK 17.59 million compared to net loss of DKK 12.28 million a year ago. Basic earnings per share from continuing operations was DKK 0.11 compared to DKK 0.08 a year ago. Basic earnings per share was DKK 0.14 compared to basic loss per share of DKK 0.1 a year ago. Diluted earnings per share was DKK 0.14 compared to diluted loss per share of DKK 0.1 a year ago.
Columbus A/S is a Denmark-based software company active within the information technology (IT) industry. It provides industry-specific technology solutions based on Microsoft Dynamics' business platform in a range of industries. Columbus A/S is engaged in the supply, development and implementation of specialty software solutions grouped in three areas: Food, Retail and Manufacturing. It also provides consulting services and industry solutions for the areas of manufacturing, logistics and food processing. The Company operates around 30 offices worldwide and subsidiaries based in Denmark, Norway, the United Kingdom, the Netherlands, the Russian Federation, Ukraine, Kazakhstan, Lithuania, Estonia, Poland, Latvia and the United States. Its subsidiaries include Columbus Norway AS, Columbus Eesti AS, To-Increase Holding, Omnica, Dynamics Anywhere, InterDyn BMI, SYSTEMHOSTING A/S, and Sherwood Systems Ltd., among others.