Milestone Systems crosses DKK 1 billion revenue

With an annual growth rate of 14 percent over the last five years, Milestone Systems’ net revenue increased to DKK 1.03 billion in 2019. The operating income (EBIT) was DKK 124 million compared with DKK 194 million the previous year, a planned consequence of increased investments in innovation and development.

The positive revenue development primarily derived from an increase in license and Care sales. Moreover, Milestone Systems continued to increase sales in all its markets.

Interim CEO Lars Larsen, Milestone Systems, says, “Two major factors impact our positive result: Our continued focus on long-term sustainable growth, which has resulted in profitability every year, since our company was established 22 years ago and perhaps more importantly, our people. Focusing on long-term sustainable growth requires the best people, who can identify the right opportunities for our company. If you don’t have the right people, even the strongest business strategy may fail.” 

Flexibility to make the right choice Milestone Systems continues to deliver flexibility to our community of partners and end customers, enabling them to respond fast to new disruptive technologies; our open technology platform allows partners to integrate with our software, and Milestone Marketplace, our open business platform, enables them to grow their business faster. Milestone Marketplace was launched in 2019 and connects buyers and sellers to co-create innovative solutions. In 2020, version 2.0 of the Milestone Marketplace will be launched,  that enables customers to find resellers and integrators who deliver video solutions.