2010 Annual Results: Record Growth in Milestone Systems as Global Expansion ContinuesBy Milestone Systems, PRNE
Monday, April 11, 2011
Milestone Systems, the world's leading producer of software for video surveillance, once again sets records on all levels: The 2010 annual results show a 56 percent increase in revenue to DKK 217.2M (EUR29.2M) and earnings increased to DKK 21.5M (EUR2.9M) from DKK 3.9M (EUR0.5M) in 2009. Milestone, which exports 96 percent of its sales, expects to maintain high growth rates in 2011.
COPENHAGEN, April 12, 2011 - Danish Milestone Systems A/S today released its 2010 accounts, which show
a 56 percent increase in revenue to DKK 217.2M (EUR29.2M) from DKK 139.4M
(EUR18.7M) in 2009. EBITDA more than doubled to DKK 54.1M (EUR7.3M) from DKK
24.4M (EUR3.3M) in 2009, with earnings of DKK 21.5M (EUR2.9M) compared to DKK
3.9M (EUR0.5M) in the previous year.
"A strong focus on establishment of additional sales offices around the
world, certification of partners and recruiting many new employees form the
basis of the positive figures we can present today. Milestone Systems is
stronger than ever in terms of market share and financial position and we
expect this to continue in the coming years," says Milestone Systems CEO Lars
While the financial crisis raged in 2008 and 2009, Milestone Systems made
significant investments in building new markets. These investments paid off
"Today we see the results of the strategy we implemented during the
challenging years. We took some strategic decisions and expanded, even though
it was tempting to do the opposite. Now Milestone Systems is very well
positioned to maintain and expand its market position," says CEO Lars
More than 100,000 Milestone installations worldwide
In 2010 Milestone Systems' staff expanded to an average of 246 employees
from 181 in 2009, thereby continuing the company's steady growth since its
founding in 1998.
"The reason for Milestone Systems' growth is our leading software. We
have invested nearly DKK 250M in product development, which is one of the
reasons we are the world leader in our business area. Today there are more
than 100,000 Milestone systems installed and there are several thousand new
customers monthly," says CEO Lars Thinggaard.
The global market for video surveillance is growing steadily. Year after
year Milestone Systems has expanded its representation worldwide through
dealers, distributors, partners and its own offices.
String of new products
In June 2010, Milestone Systems introduced XProtect(R) Essential, which
is an advanced, yet simple and user-friendly software for smaller video
surveillance installations. August saw the introduction of XProtect Go, an
optimum "beginner product" for smaller companies and private users offered
free to introduce analog users to IP technology. And in January 2011,
Milestone launched version 4.0 of its flagship product, XProtect Corporate,
with brand new features to satisfy even the highest demands for performance,
flexibility, reliability, security and stability, designed for the largest
multi-site needs within areas such as municipal surveillance, airports and
Jesper Balser appointed new chairman of the board at Milestone
In 2010, Milestone Systems thanked chairman of the board Ole Stangegaard
for nine years of service. The new chairman of the board, Jesper Balser,
formerly held senior executive positions at Navision and Microsoft Business
Milestone Systems expects the security market to maintain the positive
trend in 2011 and future years, a view shared by most industry analysts.
Milestone Systems is well positioned for the future.
Annual results, Milestone Systems DK: 1 January - 31 December 2010
Milestone Systems 2010 2009 2009 to 2010 amount (DKK and Euro millions) Revenue 217.2/EUR29.2 139.4/EUR18.7 56% Operating profit 21.5/EUR2.9 3.9/EUR0.5 451%/480% Average number of employees 246 181 36%
Founded in 1998, Milestone Systems is the worldwide industry leader in
open platform IP video management software, according to IMS Research six
years in a row. Milestone XProtect(R) products have been installed in
thousands of customer installations, sold through authorized and certified
partners in more than 100 countries. With support for the widest choice in
network hardware and integration with other systems, XProtect provides best-
of-breed solutions to 'video enable' organizations - managing risks,
protecting people and assets, optimizing processes, and reducing costs.
Additional information: President & CEO Lars Thinggaard, Milestone Systems A/S, Telephone: +45-88-300-300; Communications Manager Courtney Dillon Pedersen, Milestone A/S, Telephone: +45-28-35-03-57.
Tags: April 12, Copenhagen, denmark, Milestone Systems