Brief: Nfon AG FY Adj EBITDA Loss Widens To EUR 5.1 Mln

nfon AG

03/03/2020 06:13

March 3 (Reuters) - NFON AG  NFN.DE :
    * NFON AG - FY REVENUE INCREASES SIGNIFICANTLY OVERALL BY 32.7% TO EUR 57.1 MILLION
    * NFON AG - FY RECURRING REVENUES INCREASE BY 38.9% AND ACCOUNT FOR AN 84.1% SHARE OF
REVENUES
    * NFON AG - WITH REGARD TO RECURRING REVENUES, NFON PLANS TO ACHIEVE A GROWTH RATE OF
BETWEEN 22%
AND 26% FOR 2020 COMPARED TO PREVIOUS YEAR.
    * NFON AG - AS IN PREVIOUS FINANCIAL YEAR 2019, NFON PLANS TO ACHIEVE A SHARE OF RECURRING
REVENUE
OF BETWEEN 80% AND 85% OF TOTAL REVENUE.
    * NFON AG - WITH REGARD TO CUSTOMER-OPERATED SEATS, NFON AG IS PLANNING GROWTH OF BETWEEN
20% AND
24% FOR FULL YEAR 2020
    * NFON AG - FY ADJUSTED EBITDA -5.1 EUR MILLION VERSUS -1.2 EUR MILLION YEAR AGO

Source text for Eikon:  ID:nEQ9ks9cWa 
Further company coverage:  NFN.DE 

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