Brief: NFON 9-Month EBITDA Loss Turns To Profit Of EUR 1.8 Million

nfon AG

13/11/2020 13:15

Nov 13 (Reuters) - NFON AG  NFN.DE :
    * CONTINUED TO SIGNIFICANTLY INCREASE ITS RECURRING REVENUES
BY
24.7% TO EUR 43.7 MILLION IN FIRST NINE MONTHS OF 2020 (9M 2019:
EUR 35.0 MILLION)
    * COMPANY EXPECTS A SLIGHTLY LOWER GROWTH RATE OF 17% TO 19%
FOR
SEAT BASE FOR 2020 AS A WHOLE COMPARED TO 20% TO 24% ORIGINALLY
PROJECTED
    * 9M ADJUSTED EBITDA EVEN IMPROVED BY AROUND EUR 7 MILLION
TO EUR
2.5 MILLION (9M 2019: EUR -4.2 MILLION)
    * REMAINS OPTIMISTIC FOR 2020 AND CONTINUES TO EXPECT A
GROWTH
RATE OF BETWEEN 22% AND 26%
    * 9-MONTH (EBITDA) AMOUNTED TO EUR 1.8 MILLION IN FIRST NINE
MONTHS OF 2020 (9M 2019: EUR -5.6 MILLION)

Source text for Eikon:  ID:nEQ3cP3RWa 
Further company coverage:  NFN.DE 

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