Milestone Systems continues steady financial climb

    April 13, 2016
    Strong growth, high profitability and a successful community model propels Milestone to another positive earnings report
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    (Photo courtesy Milestone Systems)
    Milestone Systems has once again delivered strong results as indicated by the company's 2015 financial report. A solid growth rate of 32 percent over 2014 was achieved.
    Milestone Systems has once again delivered strong results as indicated by the company's 2015 financial report. A solid growth rate of 32 percent over 2014 was achieved.

    COPENHAGEN – April 11, 2016. Milestone Systems, the open platform company in IP video management software (VMS), once again delivers strong results as indicated by the 2015 financial report. A solid growth rate of 32% over 2014 was achieved.

    Milestone Systems reports 2015 revenue of DKK 602 M (EUR 80.9 M). This is a 32% increase over 2014 which recorded revenue at DKK 458 M (EUR 61.5 M). Operating income before depreciation and amortization (EBITDA) resulted in DKK 121 M (EUR 16.3 M) and net income reached DKK 58 M (EUR 7.8 M). The number of full-time employees grew by 17%, from an average of 404 employees in 2014 to 472 in 2015.

    Reasons for the steady growth and high profitability point to the well-functioning open platform technology, robust partner success and a strong business model. The standalone Canon relationship model is also an illustration of solid backing and trust, which reinforces positive support of Milestone and appreciation by the partners.

    “Milestone has been the global market leader in VMS for more than a decade, which shows that our open platform strategy is steadily growing stronger,” states Lars Thinggaard, President and CEO, Milestone Systems. “We aim to continue this success with our enthusiastic community of partners and employees.”

    Expectations for the future

    Milestone’s outlook is solid with a purposeful focus on community collaboration which is expected to bring Milestone and its partners to the next level of developments. Industry analysts forecast continued growth in the video surveillance market, and Milestone will expand its portfolio of innovative products together with the community of channel partners, camera vendors, technology providers, solution partners and customers.