- NFON aims to consolidate its position as the leading provider of integrated cloud business communication in Europe through increased AI integration
- With the newly formed, experienced management team, NFON is leading the innovation and transformation journey, focusing on AI-based business communication solutions
- The company plans to achieve double-digit sales growth and an adjusted EBITDA margin of at least 15% by 2027
NFON AG, a leading European provider of integrated cloud business communications, presented its strategic initiatives and medium-term forecast at this year's Capital Market Day. The event offered investors and analysts a comprehensive insight into the company's current transformation processes and growth targets.
Strategic orientation and focus on AI innovations
Chief Executive Officer (CEO) Patrik Heider explained how NFON sees itself as an innovative pioneer in the field of integrated cloud business communication in Europe and how it intends to consolidate its position in the long term. A key aspect of this strategy is the increased integration of artificial intelligence (AI) into the product portfolio in order to meet the dynamic requirements of the market. Chief Technology Officer (CTO) Andreas Wesselmann emphasised the importance of AI technology for innovation transformation. The focus here is on a holistic view of all areas of the company. The focus is always on concrete business-added value for customers, partners, and employees. The recent acquisition of botario expands the AI expertise and adds innovative AI functions to the solution portfolio.
Financial development and medium-term forecast
In addition to the technological insights, CEO Patrik Heider also gave an overview of NFON's financial prospects. Despite a challenging macroeconomic environment, the company confirms its targets for sustainable profitable growth. Sales growth in the mid to high single-digit percentage range is expected for 2024, while double-digit sales growth is targeted for 2027. Recurring sales, which make up the majority of revenue, are expected to continue to account for more than 90% of total sales. Adjusted EBITDA of EUR 10 to 12 million is forecast for 2024, and an adjusted EBITDA margin of at least 15% is expected by 2027.
Further information and materials: A recording of the event and the complete presentation are available in the Investor Relations section.
Contact for media
NFON AG
Thorsten Wehner
Vice President Public Relations
+49 89 45 300 121
Deutschland
100zehn GmbH
Timm Caspari
+49 89 55 27 06 20
Italia
BPRESS
Mariateresa Faregna
+39 02 72 585 304
Österreich
PRofessional
Ulrich Taller
+43 1 524 97 07-0
United Kingdom
AxiCom
Mary Burtt
+44 7917550774
About NFON AG
NFON AG, which is headquartered in Munich, is a leading European provider of integrated cloud business communications. The listed company (Frankfurt Stock Exchange, Prime Standard) with more than 3,000 partners in 18 European countries and eight branches counts more than 55,000 companies among its customers. The NFON portfolio comprises four areas: Business Communications, Integration, Customer Contact and Enablement. With its core product Cloudya, the smart cloud communications platform, NFON offers hassle-free voice calls, simple video conferencing and seamless integration of CRM and collaboration tools for small and medium-sized companies. All NFON’s cloud services are operated in certified data centres in Germany, with 100% of their energy needs covered by renewable sources. NFON accompanies companies into the future of business communication by offering intuitive communication solutions.
Investor Relations
NFON AG
Friederike Thyssen
+49 89 45 300 134
Disclaimer
This communication is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of the Company. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. There will be no public offering of the securities discussed in this release in the United States of America and the information contained in this release does not constitute an offer of securities for sale. This announcement is not for distribution, publication or transmission, directly or indirectly, to or within the United States of America, Australia, Canada, Japan or any other jurisdiction in which such distribution is unlawful, or to U.S. persons.
