Milestone Systems confirms record high net revenue for 2023

Milestone Systems delivered a record net revenue of 1.69 billion DKK in 2023, according to the Danish company’s newly released Annual Report.

In addition to a pre-tax profit of 109 million DKK, other statistics from the report reveal that it currently employs 1,294 people, operates 25 subsidiaries and has put 101 million DKK into development projects.

“Excited about the future”

Headquartered in Copenhagen, Milestone celebrated 25 years in business in February 2023.

“As we reflect on Milestone’s remarkable journey of 25 years, we not only celebrate our past achievements but also look forward to what lies ahead,” said Thomas Jensen – the company’s CEO.

“The advancement of artificial intelligence and video analytics opens up endless possibilities for data-driven video technology.

“We already see how our strategic focus on key sectors such as healthcare and hospitality can make meaningful contributions to people, businesses, and societies around the world.

“We are proud of Milestone’s achievements to date, but we are even more excited about the future.”

Jensen continued: “I truly believe that technology should serve humanity not the other way around.

“Responsible Technology is not just a buzzword at Milestone – it is a crucial aspect of our commitment to serving our customers and societies at large.

“We are dedicated to ensuring that our software is not only innovative but also ethical.”

Milestone Systems’ growth plans

Lars Larsen, CFO, Milestone Systems added: “Looking ahead, we anticipate an eventful and promising 2024. We will continue our growth journey, in terms of revenue, investments, and profitability.

“We expect the coming financial year will bring many opportunities, particularly within the cloud and video analytics spaces.”

To find out more about Milestone and the work the company is doing – and to read the latest insights from its Annual Report – click here.