Brief: NFON 9-month Adjusted EBITDA Improves To EUR 2.5 Million

nfon AG

26/11/2020 06:08

Nov 26 (Reuters) - NFON AG  NFN.DE :
    * DGAP-NEWS: NFON AG PUBLISHES INTERIM REPORT AND CONFIRMS
GROWTH
COURSE IN 2020
    * RECURRING REVENUES GROW SIGNIFICANTLY BY AROUND 25%
COMPARED TO
PREVIOUS YEAR
    * 9M TOTAL REVENUE INCREASED BY 19.2% TO EUR 49.4 MILLION
(9M
2019: EUR 41.5 MILLION)
    * EBITDA AMOUNTED TO EUR 1.8 MILLION IN FIRST NINE MONTHS OF
2020
(9M 2019: EUR -5.6 MILLION
    * 9-MONTH ADJUSTED EBITDA EVEN IMPROVED TO EUR 2.5 MILLION
(9M
2019: EUR -4.2 MILLION).
    * FOR 2020 AS A WHOLE, COMPANY EXPECTS TO ACHIEVE A GROWTH
RATE OF
BETWEEN 17% AND 19% FOR SEAT BASE
    * IN TERMS OF RECURRING REVENUES, MANAGEMENT BOARD EXPECTS A
GROWTH RATE OF BETWEEN 22% AND 26% FOR 2020

Source text for Eikon:  ID:nEQ2X2nDfa 
Further company coverage:  NFN.DE 

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