on NFON AG
NFON AG Strengthens AI Expertise and Sees Profitable Growth in 2024
NFON AG, a European leader in cloud business communications, reports significant progress in the first nine months of 2024. The company recorded a 50.9% improvement in adjusted EBITDA, reaching EUR 9.1 million. Recurring revenue increased by 4.9% to EUR 60.6 million, contributing to 94.3% of total revenue.
The company's growth strategy is reinforced by a 3.1% rise in customer installations, totaling 665,730 seats. The acquisition of botario GmbH in August 2024 has enhanced NFON's AI capabilities, focusing on voice processing and automation. Newly appointed AI VP, Jana Richter, introduced AI innovations projected for a 2025 release. CEO Patrik Heider emphasizes the company's preparedness to meet evolving market demands.
Looking ahead, the management anticipates continued growth, targeting double-digit revenue increases and an adjusted EBITDA margin of at least 15% by 2027.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all NFON AG news