EQS-News

NFON AG exceeds profitability targets for 2023 and continues profitable growth trajectory in transformation year 2024 - Seite 3

For financial year 2024, NFON plans growth in recurring revenue of a mid- to upper-single-digit percentage (2023: 4.8%). On this basis, the Management Board anticipates a share of recurring revenue of >90% of total revenue (2023: 93.7%). Adjusted EBITDA is expected to be between EUR 10 million and EUR 12 million (2023: EUR 8.4 million).

The fully audited report for financial year 2023 will be available to download in the Investor Relations section of NFON AG’s website from 25 April 2024.

 

Overview of results for financial year 2023¹:

in EUR million	2023	2022	Change
Total revenue	82.3	80.8	1.9%
Recurring revenue	77.1	73.6	4.8%
Share of recurring revenue	93.7%	91.1%	–
Non-recurring revenue	5.2	7.2	–27.9%
Share of non-recurring revenue	6.3%	8.9%	–
ARPU blended2 (in EUR)	9.71	9.72	–0.1%
Number of seats	655,967	634,288	3.4%
EBITDA	6.8	–5.3	–
Adjusted EBITDA	8.4	–1.0	–

¹ Unless stated otherwise, all values in the consolidated financial statements and the related notes are rounded. The tables may therefore show rounding differences.