NFON AG : 2024 targets: above expectations on margins, softer for revenue growth (vs a high consensus)
>FY 2024: EBITDA target above expectations - For 2024, NFON is targeting mid-to-upper-single-digit percentage growth for recurring revenues, a shade faster than in 2023 (4.8%). The share of recurring revenues is expected at >90% of total revenue, in line with 2023 (93.7%). The target is potentially a little softer when compared to consensus expectations of +9.4% for total revenues. Recurring revenue growth was still low in Q4 2023 at 3.8% y-o-y (vs ~5% for the first 9...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.
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.
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