Telemis see global revenues rise by 500% in ten years

Telemis see global revenues rise by 500% in ten years
 
Ongoing investment in leading PACS platform and high levels of customer service support 13th consecutive year of profitability for medical imaging specialist.
 
Louvain-la-Neuve, (Belgium), 21. September 2015 – Medical imaging company Telemis has announced results for its 2014 – 2015 financial year that show the PACS (Picture Archiving and Communication Systems) specialist delivering its 13th consecutive year of profitability on revenues that have grown by almost 500% in a decade.
 
The company’s latest results follow a year in which Telemis launched a new generation of multi-platform, multi-language MACS (Multimedia Archive and Communication Systems) software while consolidating its position and growing sales with a number of the world’s leading hospitals and healthcare facilities. In addition, a customer survey at almost 200 sites worldwide saw users give the company its highest ever Net Promoter Score (68%) alongside a 97% satisfaction rating.
 
Telemis revenues for the year to 31st March 2015 were €8,002,157, while year-on-year net profit rose by 79% to €1,189,924. The company further consolidated its strong financial position with total equity at €7,056,074 and a group balance sheet of €14,969,749. Ten years ago group sales were just €1,641,907 and the total balance sheet stood at €2,664,937.
 
Fundamental to its solid, long-term financial performance has been the Telemis strategy to make significant ongoing investments in both R&D and the resources needed to deliver outstanding customer service. This has allowed the company to consolidate its position with existing users as well as expand its global customer base. Earlier this year, for example, the company announced that Genolier Swiss Medical Network (GSMN), one of the world’s leading network of private clinics, had chosen a Telemis multi-platform, multi-language medical imaging solution for deployment at facilities in all three Swiss language regions. The PACS solution that Telemis implemented at the GSMN clinics provides advanced technology for the instant sharing of images across PC, Mac and mobile platforms.
 
Other significant achievements during the year included the expansion of a PACS solution at the Ospedale Oftalmico Sperino public hospital in Turin and the creation of new opportunities through the extension of PACS capabilities for tablets and smartphones.
 
Announcing the results at the annual shareholder meeting, Telemis Group CEO Stephane Ketelaer, stated: “We have achieved revenue growth that represents an average CAGR of 17% over the last ten years, while balance sheet CAGR has been running at 19% over the same period. Our strategy of making significant investments in technology and service is the key to this growth and our solid financial position and will support future growth as we look to further expand our global footprint.”
 
21. September 2015