International expansion and new products boost Telemis revenues to more than €8M
16th consecutive year of profitability also lays groundwork for future growth at medical imaging specialist
Louvain-la-Neuve (Belgium), 8. October 2018 – Telemis, the medical imaging, archiving and transmission specialist, has announced a strong set of financial results for 2017-18, with revenues up by 5.5% to €8.19M. This growth has helped deliver pre-tax profits of €895,392, making this the 16th consecutive year of profitability for the business.
The revenue growth is the result of Telemis’ investment in new products and expansion into new countries. This year saw it bring on its first Latvian customers, which are already delivering significant additional turnover. Meanwhile, Telemis’ TM-Capture product, newly released in 2016-17, is proving extremely popular, contributing six-figure revenues.
This year’s growth means Telemis products are now in use at nearly 250 customer locations. With a balance sheet totalling more than €15M (up 18%) and equity of over €8M (up 9%), the company represents a dependable, long-term IT partner for clinics and hospitals.
Bright outlook
Telemis has also been busy laying the groundwork for further revenue growth. 2017-18 has seen the business increase its footprint in existing territories, with projects in radiology and other clinical areas launching in Belgium, France, Italy and Switzerland. Among these are the first order for its TM-Microscopy product, which is currently being installed at a well-known Swiss organization.
2018 has also seen the launch of the new INTUITUS business intelligence product line. This software as a service (SaaS) offering already has a number of confirmed orders, which are forecast to deliver substantial additional revenues over the coming 12 months.
Stephane Ketelaer, Chief Executive Officer at Telemis, told the Group’s annual shareholder meeting: “It’s been another excellent year for the company, with our growth strategy continuing to boost revenues and maintain profitability for a 16th consecutive year. This success is thanks to the dedication of our people, who continue to work tirelessly on new, innovative products and services for our customers. And we’ve got some exciting announcements and new releases coming up.”
09/10/18