DGAP-News

NFON AG starts 2021 with momentum and sharpens its strategy to achieve further growth

DGAP-News: NFON AG / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement NFON AG starts 2021 with momentum and sharpens its strategy to achieve further growth 20.05.2021 / 07:00 The issuer is solely responsible for the content of this announcement. Corporate News

NFON AG starts 2021 with momentum and sharpens its strategy to achieve further growth

- At 19.6%, recurring revenue grows faster than total revenue

- Number of seats up 16.0% compared to the previous year

- Average revenue per user (blended ARPU) at EUR 10.19 mainly thanks to increased voice minutes

- Adjusted EBITDA increased to EUR 1.8 million (previous year: EUR 0.2 million)

- Expansion of the partner network and additional products to accelerate the company's growth with new and existing customers in the years to come

- Forecast for 2021 confirmed

 

Munich, 20 May 2021 - NFON, a European provider of voice-centric business communications from the cloud, continues to grow in a market environment still characterized by COVID-19 at the beginning of 2021. Recurring revenue in particular showed a very positive development. It increased by 19.6% to EUR 16.8 million (previous year: EUR 14.1 million) and thus disproportionately to total revenue. As a result, recurring revenue accounted for 89.1% of total revenue (previous year: 85.8%). At 18.9 million euros, total revenue was 15.2% higher than the previous year's figure of EUR 16.4 million.

Key factors for the positive business development in the first three months of 2021 include the successful acquisition of new customers and the growth in installed extensions (seats) among its existing customer base. The number of seats was expanded to 541,973, representing growth of 16.0% compared to the prior-year reporting date (March 31, 2020: 467,253). Against the backdrop of continued pronounced working from home activity at companies and the corresponding increase in voice minutes, average revenue per user (blended ARPU) therefore increased significantly to EUR 10.19 in the first quarter of 2021 (previous year: EUR 9.88). The increased blended ARPU combined with lower expenses compared to the previous year, had a positive impact on the development of earnings. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 1.6 million (previous year: EUR -0.1 million). Adjusted EBITDA amounted to EUR 1.8 million (previous year: EUR 0.2 million).