News
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PRESS RELEASE
NFON AG exceeds profitability targets for 2023 and continues profitable growth trajectory in transformation year 2024
NFON AG exceeds profitability targets for 2023 and continues profitable growth trajectory in transformation year 2024. Revenue up, adjusted EBITDA improves, and free cash flow positive. Company focuses on operational excellence and strategic growth pillars -
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PRESS RELEASE
Original-Research: NFON AG (von NuWays AG): BUY
NFON AG, a German market leader in integrated business communication, has shown significant improvements in operational performance and efficiency. With the arrival of a new CEO, the company is on track to achieve profitability and positive free cash flow in 2024. The structural growth of the European cloud-PBX market and the implementation of cost-saving measures contribute to the company's positive outlook. Despite the recent decline in share price, NFON's valuation remains attractive, making it a recommended BUY with an increased PT of €11.70 based on DCF. -
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Declaration of voting rights at the end of May 2024