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COLUMBUS US:  MODEST GROWTH Featured

 Operations in the United States showed modest growth for Denmark-based reseller Columbus for the year ended December 31.

 Revenue for this country reached approximately $12.1 million in service revenue, a 2.9-percent rise over 2022 and up 4.4 percent organically. The result lagged far behind Columbus’ biggest market, Sweden, which reported 18-percent growth for the year and second-largest, Denmark, with revenue rising 31-percent year-over-year and 19 percent organically. Net profit for 2023 was about $3.8 million, compared to a 2022 loss of $16.6 million at current exchange rates. Despite the slow growth in this country, ”It’s still a key market for us,” CEO Søren Krogh Knudsen said during this week’s earnings webcast. The largest product line, Dynamics, had revenue of roughly $114.2 million, an increase of 21.2 percent over the prior year. Executives were fairly happy with a .6-percent drop in revenue to roughly $44.2 million for the Infor M-3 line for the year as it had a tough started. The largest market for M-3 is the Nordic countries and Columbus is the largest reseller of the Infor product line.                  

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