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Milestone Systems Continues Steady Financial Climb

Strong growth, high profitability and a successful community model propels Milestone to another positive earnings report


COPENHAGEN – April 12, 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.

Annual results, Milestone Systems: January 1 - December 31, 2015

(DKK and EUR millions)
2015
2014
Change
Revenue
DKK 602 M/
EUR 80.9 M
DKK 458 M/
EUR 61.5 M
32%
EBITDA
DKK 121 M/
EUR 16.3 M
DKK 41 M/
EUR 5.5 M
198%
EBITDA margin
20.2%
8.9%
+11.3% points
Net income
DKK 58 M/
EUR 7.8 M
DKK 1 M/
EUR 0.2 M
4,347%
Average number of employees
472
404
17%

 

For further information, please contact:
Karl Erik Traberg, Head of Corporate Communications
Phone:  +45 2514 2744
 
Download Images: Milestone Systems CEO, Lars Thinggaard, Milestone Systems Logo, and Annual Results Table 
 
For more news and viewpoints visit our microsite – The Milestone Post

 

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About Milestone Systems 

Milestone Systems is a global industry leader in open platform IP video management software, founded in 1998 and now operating as a stand-alone company in the Canon Group. Milestone technology is easy to manage, reliable and proven in thousands of customer installations, providing flexible choices in network hardware and integrations with other systems. Sold through a community of partners in more than 100 countries, Milestone solutions help organizations to manage risks, protect people and assets, optimize processes and reduce costs. For more information, visit: www.milestonesys.com.

Use of trademarks
Milestone Systems and the Milestone logo are trademarks or registered trademarks of Milestone Systems in the U.S. and other countries. A listing of the Milestone trademarks can be found at news.milestonesys.com/trademark-information. All other trademarks and registrations are property of their respective owners.

Press Contacts: 

Courtney Dillon Pedersen, PR Manager Americas/APAC
Tel. +1 (503) 719-3439

Jos Svendsen, PR Manager EMEA
Tel. +45 28 529 383