Columbus CPSE:COLUM Stock Report

Columbus A/S Appoints Brian Iversen as Chief Financial Officer

Insufficient new directors

No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Karina Ringsted was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.

Columbus A/S Announces Resignation of Hans Henrik Thrane as CFO, Effective from 31 August 2022

Columbus A/S agreed with Hans Henrik Thrane that he will step down from his position as Chief Financial Officer (CFO) as of 31 August 2022. Hans Henrik Thrane has been the CFO of Columbus A/S since 2010. With Columbus’ continued strategy of becoming a global consultancy, the Board of Directors and Hans Henrik Thrane have decided that Columbus requires a new CFO. Consequently, the Board of Directors in Columbus has decided that this is the right time for Hans Henrik Thrane to leave his position as CFO in Columbus. During the next three months, Hans Henrik Thrane will hand over his responsibilities. Columbus has initiated a search for a new CFO.

Columbus A/S Provides Revenue Guidance for the Full Year 2022

Columbus A/S provided revenue guidance for the full year 2022. for the year, the company revenue is expected to be in the range of DKK 1,525 million – DKK 1,625 million corresponding to an organic growth of 8% to 15%.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2021 results: EPS: kr.5.91 (up from kr.0.44 in FY 2020). Revenue: kr.1.48b (down 10% from FY 2020). Net income: kr.61.7m (up 12% from FY 2020). Profit margin: 4.2% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.