NFON: “Maintain high growth dynamics”

NFON presented final figures for the first nine months of 2020 on Thursday. The company reports a total increase in sales from 41.5 million euros to 49.4 million euros, and recurring sales increased from 35 million euros to 43.7 million euros. There was also an increase in the average revenue per user, which climbed from EUR 9.71 to EUR 9.77. This is “essentially due to the increasing number of home office activities and the resulting increased volume of calls,” said NFON. On an EBITDA basis, the company was able to increase its nine-month result by 7.4 million euros to a profit of 1.8 million euros.

“With a plus of 25 percent in recurring sales, we maintained our high growth dynamic in 2020 and are benefiting from the increasing digitization of business communication. At the same time, we recorded an extraordinary increase in earnings, which proves the high earnings potential of the NFON business model ”, says company boss Hans Szymanski.

For the current year as a whole, NFON is forecasting an increase in recurring sales of 22 percent to 26 percent.

Security data: NFON AG
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Ticker symbol: NFN
ISIN: DE000A0N4N52
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