BMM Testlabs announces record 2014 financial results | bmm testlabs | bmm testlabs

all news

Posted on May 18, 2015 at 10:28 pm

BMM Testlabs is pleased to announce record financial results for 2014.

“BMM’s commitment to service differentiation and innovation in product testing and certification has driven improved share in key markets around the world, with material growth emanating from the USA, Canada, Europe and Asia.” reported President and CEO Martin Storm.

Storm continued, “Even with material currency declines against the US dollar, revenues increased by 6% driving overall record financial performance for our business as a whole. Prudent financial management led to growth in EBITDA by 17% and Cash by 11%.”

“Beyond our financial goals we achieved significant operational performance milestones. We grew our specialist quality assurance testing business to over 50 engineers whilst reducing our U.S. testing revocations quality measure to less than 1%. We also increased our U.S. jurisdictional access significantly, expanded testing facilities in Las Vegas and Moncton, and opened new labs in Vienna and Bologna. Importantly we delivered major version releases of our Toolbox, BOAT and Signatures software for our customers.”

“After more than 12 years of effort BMM is now poised for significant growth in the USA. I wish to thank our regulators, customers and staff for their patience, consideration, and loyalty.”