NFON AG Outlines Strategic Goals and Medium-Term Forecast at 2024 Capital Market Day

Munich, 12 September 2024 - NFON AG, a major European player in integrated cloud business communications, discussed its strategic initiatives and medium-term projections during its Capital Market Day. Investors and analysts gained detailed insights into the company's transformation and growth objectives.

CEO Patrik Heider emphasized NFON's innovative leadership in Europe's cloud business communication sector. A primary strategy involves boosting AI integration within its product lineup to meet evolving market demands. The recent acquisition of botario enhances the firm's AI capabilities.

CTO Andreas Wesselmann highlighted AI's role in driving transformation across all company areas, focusing on customer, partner, and employee benefits. The comprehensive strategy aims at achieving double-digit sales growth and a 15% adjusted EBITDA margin by 2027.

Financially, NFON aims for sustainable growth despite economic challenges. The company anticipates a mid to high single-digit percentage increase in sales for 2024, with a goal of double-digit growth by 2027. Recurring sales are projected to maintain over 90% of total revenue.