Financial Results

Milestone Systems reported 2013 revenues of DKK 407 M (EUR 54.6 M), up 28 percent from DKK 318 M (EUR 42.7 M) in 2012, outperforming an otherwise strong overall projected market growth rate of approximately 20 percent.

Operating income before depreciation and amortization (EBITDA) rose to DKK 90 M (EUR 12.1 M), an 81 percent increase from the DKK 50 M (EUR 6.7 M) reported in 2012. Due to the scalability of its operations, the EBITDA margin increased to 22.1 percent from 15.6 percent in 2012 and net income was DKK 34 M (EUR 4.6 M) compared to DKK 10 M in 2012 (EUR 1.3 M).

Annual results, Milestone Systems: January 1 – December 31, 2013

(DKK and EUR millions)

2013

2012

2012 to 2013

Revenue

DKK 407 M / 
EUR 54.6 M

DKK 318 M /
EUR 42.7 M

28 %

EBITDA

DKK 90 M /
EUR 12.1 M

DKK 50 M /
EUR 6.7 M

81 %

EBITDA margin

22.1%

15.6%

+ 6.5 %-points

Net income

DKK 34 M /
EUR 4.6 M

DKK 10 M /
EUR 1.3 M

240 %

Average number of employees

389

351

11 %

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