Milestone Systems Continues Growth with Record Sales in 2016

Strong growth rates enabled by Milestone’s open platform community and continued focus on innovation


COPENHAGEN – April 3, 2017. 
Milestone Systems, the global number one open platform company in networked video management software (VMS), again presents a strong financial report for 2016 with a solid growth of 18% over 2015.

Milestone Systems reports 2016 invoiced revenue of DKK 805 M (EUR 108 M). Net revenue was DKK 709 M (EUR 95 M), an increase of 18% compared to 2015. Operating income before depreciation and amortization (EBITDA) resulted in DKK 121 M (EUR 16 M) and net income reached DKK 42 M (EUR 5.6 M).

With its growth of 18% over 2015, Milestone Systems has exceeded the overall growth in the market for video surveillance equipment, which is expected to have reached 6% in 2016.

 “The reasons for our growth stem from our strong community of partners and customers, our open platform technology and investments in innovation and new technologies. We aim to continue this co-creation approach with our community and will keep investing in innovation in the years to come,” states Lars Thinggaard, President and CEO, Milestone Systems.

In 2016, Milestone Systems launched several new, exciting initiatives together with its strong community, among others, partners Intel and Siemens, and end-users Hyatt Hotels and Stockholm Metro.

Annual results, Milestone Systems: January 1 - December 31, 2016

(DKK and EUR millions)

2016

2015

Change

 

Invoiced revenue

 

DKK 805 M /

EUR 108.1 M

 

DKK 701 M /

EUR 94.2 M

 

15%

 

Net revenue

 

DKK 709 M / 
EUR 95.2 M

 

DKK 602 M /
EUR 80.9 M

 

18 %

 

 

 

 

 

EBITDA

DKK 121 M /
EUR 16.3 M

DKK 121 M /
EUR 16.3 M

0%

 

 

 

 

 

EBITDA margin

17%

20%

-3 % points

 

Net income

 

DKK 42 M /
EUR 5.6 M

 

DKK 58 M /
EUR 7.8 M

 

-28% 

 

 

 

 

 

 

 

 

Average number of employees

581

472

23 %

 

  • Download images here

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 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. 

For more information, please contact: 
Head of Corporate Communication
Karl Erik Traberg
Phone:  +45 2514 2744