DGAP-News

NFON reports on Growth Strategy 2024 and the strategic partnership with WebRTC pioneer at its Annual General Meeting - Seite 2

The Management Board reported in detail on the positive developments in fiscal year 2020 and the first quarter of 2021. Driven by the increasing digitalization of business communications, NFON not only recorded a significant increase in recurring revenues, but also a clearly positive result. The good business development in an exceptional year 2020, characterized by COVID-19, impressively underscores that NFON is positioned exactly right in the European market with its cloud-based product portfolio.

"Voice is our core competence and we are shaping the business communication of the future. Our goal is set: We want to become the leading provider of voice-centric business communications. And the signs are clearly pointing to success," von Rottkay is convinced.

NFON intends to exploit the immense opportunities in Europe in the coming years with its once again sharpened Growth Strategy 2024. In doing so, NFON is addressing a huge market that is currently shifting in the direction of integrated business communications - driven by the cloud technologies that are becoming established. NFON already has its own innovative "German Engineering" business communications solutions that are tailored to European customer needs. The Company will continue to develop its products and solutions in the direction of integrated business communications. At the same time, NFON has already been able to generate dynamic growth for years with its current partner network. NFON plans to further expand this network and become the channel provider for voice-centric business communications.

Accordingly, von Rottkay sees promising years ahead for NFON: "We have key strengths in our business model that result in an attractive combination of dynamic growth, low churn rate and sustainable recurring revenues. In 2021, we are now laying the foundation to continue this success story in the years to come and to capture the results of our Growth Strategy 2024."

NFON is sending a clear signal concerning the independent implementation of its unified communication strategy with the strategic partnership it announced yesterday with Meetecho, an internationally recognized thought leader in the field of WebRTC technology. NFON is acquiring a 25% stake in Meetecho as part of this partnership. This move gives NFON direct access to industry-leading WebRTC expertise and accelerates the implementation of its own unified communication strategy. This is an important step towards strengthening NFON's independence from third-party technology in the long term.