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NFON AG Strengthens AI Expertise and Sees Profitable Growth in 2024

NFON AG, a European leader in cloud business communications, reports significant progress in the first nine months of 2024. The company recorded a 50.9% improvement in adjusted EBITDA, reaching EUR 9.1 million. Recurring revenue increased by 4.9% to EUR 60.6 million, contributing to 94.3% of total revenue.

The company's growth strategy is reinforced by a 3.1% rise in customer installations, totaling 665,730 seats. The acquisition of botario GmbH in August 2024 has enhanced NFON's AI capabilities, focusing on voice processing and automation. Newly appointed AI VP, Jana Richter, introduced AI innovations projected for a 2025 release. CEO Patrik Heider emphasizes the company's preparedness to meet evolving market demands.

Looking ahead, the management anticipates continued growth, targeting double-digit revenue increases and an adjusted EBITDA margin of at least 15% by 2027.

R. P.

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