NFON AG : Better client and sales growth in Q2 2024
>Back to 6% service revenue growth in Q2 - In Q2 2024, service revenues were up 6% y-o-y to € 20.2m (ODDO BHF € 20.0m), driven by 4% growth in the client base and 2% in ARPU. Adjusted EBITDA for H1 2024 was up 62% y-o-y to € 5.5m (ODDO BHF € 5.3m) thanks to continued cost control (5% lower staff costs thanks to 9% staff reduction). NFON is also announcing the acquisition of small AI-chatbot provider Botario GmBH for a little more than € 10m to help NFON’s call center...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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