Report
Stephane Beyazian

ODDO : T1 2022 rassurant pour NFON (croissance) et Gamma (marges)

>NFON (Surperformance): accélération de la croissance clients au T1 - NFON a publié un C.A. de 20.3 M€, proche de nos attentes (20.4 M€). La bonne surprise est un nombre d’utilisateurs en croissance de 18 584 sur le T1, au-dessus de nos attentes (14 000) et des trimestres précédents (14 000-15 000). L’ARPU client est en légère érosion de 2%, comme attendu avec la fin de la crise COVID (normalisation du trafic fixe). La croissance du CA de service ressort ainsi à 9% su...
Underlyings
Gamma Communications

Gamma Communications is a communications company. Co. has two main operating segments: Indirect, which sells Co.'s products to channel partners; and Direct, which sells Co.'s products to end users in the SME, Enterprise and Public Sectors together with an associated service wrap. Both operating segments sell a combination of products and services (which is mainly voice traffic from which revenues are derived from channel partners and other carriers as well as rentals for wholesale lines) and growth products and services (which consists of IP voice traffic, rental income derived from SIP trunks, hosted IP voice systems and Gamma's hosted inbound product and data products)

NFON AG

Nfon AG is a Germany-based company that provides cloud-based telephone systems. Its product and service offering includes primarily NFON Cloud Telephone System, a public multi-tenant PBX delivering servicing from the cloud, as well as specialist solutions. The Company's services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. Its customers range from local small businesses to international large enterprises. The Company is active in various European countries, including Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, the United Kingdom, Slovenia, Slovakia, Spain, Croatia, Romania and Portugal.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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