Telemis Strategy Sees Year-on-year Growth

The group’s eighth consecutive profitable year saw consolidated turnover in 2009 – 2010 reach €6,582,656, up from €6,315,333 the previous year. Consolidated net earnings for the period were €680,131, and the company continued to operate with minimum balance sheet debt. Total assets now stand at over €9 million, and the company has cash reserves of €3.5 million.

The successful results reflect both growth in the Telemis direct customer base and new business resulting from a strategy targeting the OEM market. In 2009 the company extended its activities into Italy with the opening of Telemis Italia SRL, successfully integrated Electrom SAS – a company it acquired in 2005 – into Telemis France, and saw the completion of an OEM project in the United Arab Emirates (UAE). During this time Telemis also increased its year-on-year investment in R&D by 65%.

Telemis now has a European installed base of more than 160 hospitals and private practices and has signed a number of agreements with global medical OEMs. These include a contract with MAIDIS, the international Hospital Information System (HIS) vendor. MAIDIS has used Telemis PACS (Picture Archiving and Communication System) technology in an integrated global HIS for the Oasis Hospital in Al Ain, UAE.

The latest results were unveiled at the recent annual shareholders’ meeting. Stephane Ketelaer, CEO of the Telemis group, states: “From 2009 to 2010 Telemis took further steps in implementing its growth strategy, which is based on innovative technologies, geographic expansion and sales to medical OEMs. We have had growing interest in our medical imaging technology from direct customers and OEMs and have supported that interest through investments in technology, services, resources and infrastructure.”

He adds: “While economic outlooks are always hard to predict, we expect our strategy and focus to support another year of profitable growth.”