International. Milestone Systems, the open platform company in IP video management software (VMS), once again delivers solid results, as indicated in the 2015 financial report. A consistent growth rate of 32% was achieved compared to 2014.
Milestone Systems reports revenues of DKK 602 million (EUR 80.9 million) in 2015. This represents an increase of 32% over 2014, when revenues of DKK 458 million (EUR 61.5 million) were recorded. Operating profit before interest, taxes, depreciation and amortisation (EBITDA) was DKK 121 million (EUR 16.3 million) and net profit was DKK 58 million (EUR 7.8 million). The number of full-time employees grew by 17%, from an average of 404 employees in 2014 to 472 in 2015.
The reasons for the constant growth and high profitability point to the smooth functioning of open platform technology, sustained partner success and a compact business model. The autonomous relationship model with Canon is also an example of strong support and trust, reinforcing Milestone's positive support and appreciation from partners.
"Milestone has been the global market leader in VMS for more than a decade, demonstrating that our open platform strategy is constantly strengthening," said Lars Thinggaard, president and CEO of Milestone Systems. "Our goal is to maintain this success with our enthusiastic community of partners and employees," he added.
Expectations for the future
Milestone's perspective is firm and guided by a systematic orientation toward collaboration among community members that is expected to take the company and its partners even further in the process of evolution. Industry analysts foresee continued growth in the video surveillance market, to which Milestone plans to respond by expanding its portfolio of innovative products as well as the community of business partners, camera vendors, technology providers, solution partners and customers.
