
Milestone Systems Reports 18.7 Percent Growth in 2024
'Milestone has delivered exceptional results in 2024, marked by significant growth in both revenue and earnings,' says Lars Larsen , Chief Financial Officer in Milestone.
Net revenue rose to DKK 2 billion from DKK 1.7 billion (approx. $246.6 million ) in 2023, reflecting a robust 18.7% increase. This is a doubling of the revenue from 2020. Earnings (EBIT) reached DKK 106,8 million (approx. $15.5 million ).
'We consider this to be a very satisfying result, underscoring the resilience and strength of our business,' says Lars Larsen .
Strengthening innovation and resilience
The year of 2024 was also marked by global challenges and increased pressure on democratic values – impacting people, societies, and businesses.
'Milestone and our colleagues and partners have shown great resilience and achieved impressive outcomes in a time of significant change around the world. Focusing on strengthening our innovation means that today, we are positioned well to be the frontrunner of the technology-enabled era that awaits,' says Lars Larsen .
23 percent of Milestones revenue was spent on research and development – in total DKK 478 million (approx. $69.3 million ) – reflecting the commitment to innovation. This is an increase of 34 percent compared to 2023.
Exciting Outlook for 2025
Building on the transformative achievements in 2024 with the strategic acquisitions of BriefCam video analytics and Arcules cloud, focus in 2025 will be to amplify Milestones investments in technology, talent and expertise even further.
'Our priorities are clear: integrate BriefCam and Arcules seamlessly into our operations and culture, expand our market presence with a strong product offering, and continue pushing the boundaries of responsible innovation in video technology and AI,' says Thomas Jensen , Chief Executive Officer at Milestone.
'We are very proud of project HAFNIA, where NVIDIA and Milestone Systems are bringing our combined technological skills into creating a privacy-compliant data platform that helps cities, organizations, companies and public institutions to utilize and share video data. With ethically sourced data, we can now also build the world's first anonymized and annotated visual data library platform for training future AI-models' says Thomas Jensen . 0 0

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Zawya
01-08-2025
- Zawya
UAE's largest bank FAB relocates to new London address cementing 48-year legacy in the UK
London and Abu Dhabi – First Abu Dhabi Bank (FAB), the UAE's global bank and one of the world's largest and safest financial institutions, today marked a major milestone with an official opening of its new London branch. The new relocation celebrates FAB's nearly five-decade presence in the UK and affirms the bank's commitment to London as a key global financial hub. The new office was officially opened by Hana Al Rostamani, Group Chief Executive Officer of FAB in the presence of HE Sheikh Mohamed bin Saif Al Nahyan Vice Chairman of FAB, HE Dr. Sultan Al Jaber FAB Board member, HE Mansoor Abulhoul, the UAE Ambassador to the UK, The Rt Hon Douglas Alexander MP, UK Minister for Trade Policy and Economic Security, alongside FAB Board members, HE Sheikh Ahmed Mohammed Sultan S. Aldhaheri, HE Mohammed Thani Murshed Ghannam Alrumaithi, and other dignitaries from the UAE and the UK. FAB first established a presence in London in 1977, through its predecessor, the National Bank of Abu Dhabi (NBAD), becoming the first Gulf-based bank to operate in the UK. What began as a branch has since evolved into a key pillar within FAB's global banking network, now spanning over 20 international markets. Today, London remains central to the bank's international strategy, serving institutional, and private clients, and enabling cross-border capital flows and innovation. The new London branch, located at 20 Berkeley Square in Mayfair, a destination long associated with heritage, and diplomacy, reflects the bank's continued emphasis on client experience and trust. The new branch offers bespoke spaces designed to support private banking, corporate advisory, and tailored client services. It represents FAB's ambition to integrate finance, innovation, and service within a single hub. Clients benefit from solutions that connect them to FAB's global network, with particular strength across the MENA region. The private banking offering delivers comprehensive solutions for high-net-worth individuals, including wealth planning, portfolio management, and family office services, all enhanced by seamless digital experiences. Hana Al Rostamani, Group Chief Executive Officer, First Abu Dhabi Bank said: 'In 1977, we became the first Gulf bank to open in the UK. Over the past 48 years, the ties between the UK and UAE have deepened, with bilateral trade growing significantly to £24.3 billion today. The opening of our new London office is more than a relocation; it marks a strategic hub for the future of finance, a place where global insight meets regional expertise, and where innovation fosters lasting relationships. The UK will remain a key market for FAB as we strengthen our international presence and deepen client engagement. Looking ahead, we are committed to delivering exceptional service, supporting global growth, and contributing to the success of one of the world's foremost financial centres'. The UK and UAE share a unique, long-standing relationship built on trade, trust, and shared aspirations. The UAE remains the UK's top Middle Eastern trading partner, with over 5,000 British firms active in the Emirates and growing collaboration across finance, green energy and innovation. FAB's growing role in this bilateral relationship is reflected in recent milestones such as the bank's $1.1 billion bond and sukuk listings on the London Stock Exchange in 2023, and its expanding global revenue base, with international operations now accounting for 17% of Group income. Coinciding with the opening, FAB has also launched a cultural activation exploring the creative and cultural ties between the UK and the UAE. The campaign featuring cinematic artist films and immersive storytelling showcases themes of identity, innovation and legacy, reinforcing the shared values between the UK and UAE and the role of art in building bridges between people and places. About First Abu Dhabi Bank (FAB) Headquartered in Abu Dhabi with a global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.34 trillion (USD 366 billion) as of June-end 2025, FAB is among the world's largest banking groups. The bank provides financial expertise to its wholesale and retail client franchise across three business units: 1) Investment Banking & Markets, 2) Wholesale Banking, and 3) Personal, Business, Wealth and Privileged Client Banking Group. FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody's, S&P, and Fitch, respectively, with a stable outlook. On sustainability, FAB holds an MSCI ESG rating of 'AA', and is also ranked among the top 6% of banks globally by Refinitiv's ESG Scores and ranked the Best diversified bank in MENA by Sustainalytics ESG Risk Rating.


Zawya
22-07-2025
- Zawya
Flyadeal takes delivery Of 40Th aircraft
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Steven Greenway, flyadeal Chief Executive Officer, said: 'An incredibly proud moment for the flyadeal family to now operate a fleet of 40 aircraft in such a short time of less than eight years since our very first flight. It's an amazing achievement, a great milestone, and one to build on as we continue to expand with vigour to meet our growth targets. 'What's even more special is we flew a number of our employees to Toulouse for a memorable trip to see firsthand the hard work that goes into planning, building, assembling and delivering an aircraft. Boarding the aircraft as special passengers for the journey back to the Kingdom was a bonus dream flight to cherish. Thanks to our partners at Airbus for their hospitality in supporting the visit.' Captain Abdulaziz Bahri, flyadeal Chief Operating Officer, added: 'For the operations team at flyadeal, this has been an exciting moment we've been looking forward to. As we induct more aircraft into the fleet that enables us to increase frequency on existing routes and open up new routes domestically in the Kingdom of Saudi Arabia and internationally, a growing network means more choice for the travelling public. 'Being the backbone of our fleet, the A320neos have demonstrated operational resilience, great performance efficiency and, importantly, contributed significantly to punctuality as reflected in our extremely consistent and above industry average On-Time departure and arrival data which only last month showed we were the world's most punctual airline.' flyadeal has rapidly developed into the Middle East's fastest growing airline operating its young fleet from bases in Jeddah, Riyadh and Dammam to more than 30 year-round and seasonal destinations across Saudi Arabia, and in the Middle East, Europe, North Africa and South Asia. By 2030, in line with Saudi Vision 2030, flyadeal expects to triple its network to over 100 destinations and more than 100 aircraft. Sporting a spacious cabin of 186 all-Economy Class seats in a 3 – 3 configuration, flyadeal's A320s feature interiors of the highest standards and specifications for a low-cost airline. These include leather seats with a custom diamond stitch pattern and embossed logo together with larger than normal overhead bins. As part of future fleet requirements, flyadeal placed its largest ever order last year for 51 Airbus A320 family aircraft, comprising 12 A320neos and 39 larger A321neos, with deliveries scheduled to begin in 2027. About flyadeal On 23 September 2017, National Day of the Kingdom of Saudi Arabia, flyadeal began operations with its historic maiden flight from Jeddah to Riyadh. A pioneer and innovator, flyadeal was the first regional low-cost airline to be launched only across digital distribution channels. Being the sister airline of full-service national carrier Saudia — both under the umbrella ownership of Saudi Arabian Airlines Corporation (Saudia Group) — flyadeal was created for the price-conscious and tech-savvy consumer in mind in a market where 80 per cent of the Saudi population is aged less than 40 years and has at least two mobile phones. flyadeal aims to stimulate travel, tourism and trade with its affordable, value for money everyday fares catering to leisure, religious, family and business travellers. Simplicity is key with an all-Economy Class cabin across flyadeal's narrowbody fleet. With the Kingdom undergoing dramatic transformation through its Vision 2030 economic diversification drive, aviation and tourism are among the many sectors earmarked for dynamic growth. flyadeal is the fastest growing airline in the Kingdom of Saudi Arabia and Middle East, recognised for excellence in on-time performance that is consistently above the global industry average. The airline has flown over 35 million passengers since its inaugural flight. flyadeal will operate long-haul scheduled services from 2027 with the phased induction of 10 Airbus A330neo widebody aircraft ordered by Saudia Group in April 2025. flyadeal's aggressive expansion drive makes the rapidly growing airline one of the country's most desirable companies to work for.


Zawya
18-07-2025
- Zawya
Etihad Airways welcomes 20 million passengers and over 100 aircraft
Etihad gifted couple travelling from New Delhi to visit their children in Canada, with surprise upgrades to The Residence to celebrate the milestone. Etihad's fleet reaches more than 100 aircraft. Abu Dhabi, UAE – Etihad continues to soar with a record-breaking year, reaching new milestones for the first time in the airline's history. Antonoaldo Neves, Chief Executive Officer at Etihad Airways, commented, 'The last 12 months have seen Etihad flying high, breaking records and achieving new milestones at an astonishing rate. Following a record Q1, with AED 685 million profit and our highest ever customer satisfaction scores, Etihad has now welcomed more than 20 million guests in the last year, for the first time in the airline's history. 'We continue our upward trajectory as part of a broader growth story that has seen our annual passenger numbers more than double from 10 million to 20 million in just two and a half years. This sustained growth is driven by expanding demand, a dynamic global network, and a clear strategic focus.' He added, 'We are the only airline in the region growing at this pace and we have no intention of slowing down. 2025 is proving to be our biggest year yet.' To celebrate flying 20 million passengers across the world, Etihad surprised one lucky couple travelling from New Delhi to visit their daughters in Toronto with a series of surprises. Mr and Mrs Chopra were surprised with upgrades throughout their trip which began with a lie-flat Business class experience on Etihad's A350 from New Delhi to Abu Dhabi. 'We have never travelled in Business or First before […] It's a lifetime experience – a once in a lifetime achievement [for us]!' exclaimed Mr Chopra. When they touched down at Zayed International, the couple were delighted with an upgrade to Etihad Guest's Gold tier status at the First Lounge by Mark Potter, Managing Director of Etihad Guest. Saving the best for last, Mr and Mrs Chopra were gifted upgrades to The Residence, Etihad's unique three-room suite in the sky, on their A380 flight from Abu Dhabi to Toronto. 'Oh wow – thank you very much! This is an excellent surprise, unforgettable! Thank you, Etihad – we feel like celebrities right now, thank you!' The couple shared as they were welcomed in to The Residence by crew. Achieving another milestone, Etihad has introduced three more aircraft into its expanding fleet, bringing the operational fleet size to more than 100 aircraft. The airline welcomed back its seventh Airbus A380 to service and received a brand-new Boeing B787-9 delivered from Charleston, US, with an all-Emirati flight crew. Etihad also received the first of three brand-new Airbus 350-1000s delivered today (18 July). Boasting one of the youngest aircraft fleets in the industry, Etihad continues to make strategic investments to meet the overwhelming demand from guests. The airline is expecting to receive 18 additional new aircraft in 2025, including the delivery of its new A321LR fleet which will enter into service from 1 August. Refining luxury, the new A321LR fleet will offer First Suites, fully lie-flat Business seats, 4K screens and high-speed super Wi-Fi in all cabins, allowing guests to stay connected via messages, calls and stream while in the air. Earlier this year, Etihad announced the order of 28 wide-body aircraft from Boeing to support its plans for growth and connectivity, operational efficiency and guest experience. Following the airline's recent announcement of seven additional destinations, Etihad will have added 27 new routes this year, a remarkable milestone that reflects its ambition and commitment to increase the number of visitors to Abu Dhabi. Flying to almost 90 destinations worldwide by the end of 2025, leveraging its strategic geographical advantage connecting Europe and Asia, this expansion is part of Etihad's ongoing strategy to support the economic growth of Abu Dhabi. These achievements are a huge step toward the goals the Etihad set out in its ambitious growth strategy which would see the network grow to more than 125 destinations, fleet to more than 170 aircraft, and passenger numbers to 38 million per year, by 2030. With rapid growth in every direction, the airline is set to exceed the expectations of its seven-year growth plan, a reflection of demand and extraordinary customer satisfaction. Etihad's success is a reflection of Abu Dhabi's strong aviation sector which continues to demonstrate robust growth and strategic momentum, underscoring its position as a leading global gateway for passengers and cargo. About Etihad Airways Etihad Airways, the national airline of the UAE, was formed in 2003 and quickly went on to become one of the world's leading airlines. From its home in Abu Dhabi, Etihad flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia, and North America. Together with Etihad's codeshare partners, Etihad's network offers access to hundreds of international destinations. In recent years, Etihad has received numerous awards for its superior service and products, cargo offering, loyalty programme and more.