Dubai, United Arab Emirates – Milestone Systems, the leader in data-driven video technology that is used for security and many other benefits, has posted a profit of DKK 1.1 billion, an increase of 12% over last year. The reasons for achieving this increase in profits included the company’s focus on improving its performance and launching many new products, in addition to many customers who have installed or upgraded security related infrastructure, and moreover, many sectors have increased reliance on video technologies for various purposes such as Forensic research using intelligence, improving how business activities are conducted and increasing operational efficiency.
Thomas Jensen, CEO of Milestone Systems, said, “2021 has been a successful year for Milestone Systems, as demand for our leading video management platforms increased, the entire company team put in a great effort, and this led to a significant increase in profits despite continued restrictions. imposed by the Covid virus, in addition to the shortage in supply chains in many markets.Sales also grew due to the continuous expansion of our customer base and the significant progress in the hospitality and tourism market, as well as the new development of smart cities.We look forward to continuing to develop our products and services in cooperation with our customers and our partners.”
Milestone Systems expects to continue to achieve positive results during 2022, but developments and events at the global level represent a challenge to the accuracy of forecasts.
Investing in people and assets to build strong foundations for future growth
Milestone Systems has expanded its executive leadership team with the appointment of two experts to further develop sales and human resources in 2021. Furthermore, the company has hired more than 100 new employees, outstripping the number of employees in The company has more than 1000 employees for the first time. Employees working around the world develop and grow sales through partners and contribute to advances in various technologies. Milestone Systems now employs more than 500 people at the company’s headquarters in Brondby, Denmark.
Mr. Thomas Jensen added, “We believe that people are a top priority, and we consider our team, customers and partners the most important and valuable assets to the company. We have invested in many talented individuals to contribute to taking the company to the next level of success and achievement, and we are in a privileged position, and our platform is working to advance video technology solutions It is time to build strong foundations for future growth with the support of our colleagues while continuing to pursue the goals of our ambitious growth strategies.”
In addition to the new hires, Milestone Systems has invested in research and development, and the company has launched several new and strategic initiatives.
Mr. Lars Larsson, Chief Financial Officer at Milestone Systems, spoke about the company’s financial performance in 2021 and its relationship to those investments and said, “To consolidate our strong position in the markets, our priority was to intensify efforts in order to obtain new opportunities. By following this strategy, our operating income decreased by 17 percent. % compared to 2020. But at the same time, Milestone Systems managed to achieve a satisfactory profit in 2020 of 122 million DKK before tax, compared to 83% in the previous year mainly due to the exchange rates that were beneficial to us.”
2021 is the third year in a row that Milestone Systems has achieved a profit of more than one billion kroner.
About Milestone Systems
Milestone Systems is a leading provider of an open platform for video management software, the technology that helps the world create solutions to ensure safety, protect assets and increase business efficiency. With its reliable and scalable solutions with proven results, Milestone has created an open community platform that drives collaboration and innovation in the development and use of network video technology, with proven results at more than 500,000 facilities and facilities worldwide. Founded in 1998, Milestone is a stand-alone company within the Canon Group. For more information, please visit: www.milestonesys.com. For other news and press releases, please visit our newsroom here for more information on trademarks.
Source: “AETOSWire”
