Brief: NFON AG Turns To FY EBITDA Of EUR 2.3 Million

nfon AG

15/04/2021 06:05

April 15 (Reuters) - NFON AG  NFN.DE :
    * NFON AG CONFIRMS POSITIVE DEVELOPMENT IN 2020 AND PRESENTS
GROWTH STRATEGY 2024
    * FY RECURRING REVENUE BY 23.6% TO EUR 59.4 MILLION (2019:
EUR
48.1 MILLION)
    * FY TOTAL REVENUE INCREASED BY 18.4% TO EUR 67.6 MILLION
(2019:
EUR 57.1 MILLION)
    * OUTLOOK 2021: IS PLANNING SEAT GROWTH OF BETWEEN 15% AND
17% AND
A RECURRING REVENUE GROWTH RATE OF BETWEEN 14% AND 16% AND IS
THUS CONTINUING ITS GROWTH COURSE DESPITE PANDEMIC-RELATED
UNCERTAINTIES
    * FY EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTIZATION (EBITDA) AMOUNTED TO EUR 2.3 MILLION (2019: EUR
-7.0 MILLION)
    * OUTLOOK 2021: RECURRING REVENUE IS EXPECTED TO ACCOUNT FOR
OVER
85% OF TOTAL REVENUE

Source text for Eikon:  ID:nEQ4ngTNMa 
Further company coverage:  NFN.DE 

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