Milestone Systems delivers strong revenue growth in 2017

Strong growth rates enabled by best-of-breed and flexible solutions from Milestone Systems’ open platform community

 

COPENHAGEN – April 9, 2018. Milestone Systems, the open platform company in IP video management software (VMS), once again delivers strong results as indicated by the 2017 financial report. A solid growth of 24% over 2016 was achieved.

Net revenue was DKK 881M (EUR 118M), an increase of 24% compared to 2016 and operating income before depreciation and amortization (EBITDA) resulted in DKK 246M (EUR 33M), corresponding to an increase of 103%. Net income reached DKK 117M (EUR 16M).

“The overall video management market is growing, and we expect to grow even faster. We offer an open, reliable, scalable and best-of-breed platform enabled by our partner community, which attracts end-users in all segments of the market,” explains Lars Thinggaard, President and CEO, Milestone Systems.

New ways of deploying video management solutions
Milestone Systems expects continued growth in 2018 and plans to increase investments in its community of partners with the aim to remain a market leader and to explore new ways of deploying video management software.

“We see a significant change in our industry. Not only is the use of video technology moving beyond security to becoming a tool that can help optimize businesses. We believe that our open platform and partner community will be the driving force for our continued growth and innovation and help us stay at the forefront of a more intelligent world,” says Lars Thinggaard, President and CEO, Milestone Systems.

   

    (DKK and EUR millions)
    2017
    2016
    Change
    Net revenue
    DKK 881M/EUR 118M
    DKK 709M/EUR 95M 
    24%
    EBITDA
    DKK 246M/EUR 33M
    DKK 121M/EUR 16M
    103%
 
   EBITDA margin
 
   28,0%
    17,0%
 
    Net income
    DKK 117M/EUR 16M
    DKK 41M/EUR 6M
    185%
    Average number of employees
    586
    569 
    3%

 

Milestone Press Contacts:

Pernille Larsen, Communications Manager, Corporate & APAC
Email: pel@milestone.dk
Tel. +45 25 60 67 24

Courtney Dillon Pedersen, Communications Manager, Americas
Email: cdp@milestone.us
Tel. +1 (503) 719-3439 

Jos Svendsen, Communications Manager, EMEA
Email: jos@milestone.dk
Tel. +45 28 529 383