Report
Stephane Beyazian

NFON AG : Une année de transition dans un marché allemand qui peine à décoller

>Ajustement à la baisse de nos prévisions de CA - Nous mettons à jour nos prévisions pour NFON en abaissant nos attentes de CA (de 9-20%) mais en relevant toutefois celles de marges, ce qui compense en partie l’impact sur l’EBITDA. Nous prévoyons désormais une croissance de 4-5% par an du CA, dans le bas de l’objectif pour 2024 (5-10%) et conforme à la dynamique commerciale actuelle (croissance de 3-4% du parc client, soit 20-30 000 nouveaux utilisateurs par an, et lé...
Underlying
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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