NFON AG : Slowdown of customer intake in Q2 2022
>Weak new number of seats despite rebranding - NFON added only 4,000 new seats in Q2 versus its 16,000 historical average; NFON explains the slowdown by i/ the economic situation and ii/ the decision to enter the larger enterprise segment (companies with more than 250 employees) where the time to contract is longer (3-6 months). NFON also rebranded this year and increased its focus on the Unified Communications product. On our side, we also think that competition is ...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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