NFON AG
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NFON AG
NFN
DE000A0N4N52
Integrated Telecommunications Services| Market Closed - Xetra Other stock markets | 5-day change | 1st Jan Change | ||
| 5.35 EUR | -0.93% |  | -7.76% | -22.01% |
| May. 23 | Transcript : NFON AG, Q1 2024 Earnings Call, May 23, 2024 | |
| May. 23 | NFON AG Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
May 21, 2024
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Earnings Call
3M results 2024 - 23 May 2024
Who you have on the call today
Patrik Heider
CEO / CFO
Earnings Call 3M 2024 - 23 May 2024 | 2 |
04
05
Q&A session
Appendix
Earnings Call 3M 2024 - 23 May 2024 | 3 |
Business update
3M 2024
Creating operational excellence
123
Organisation and employees
- Relevant key positions are staffed by highly experienced managers.
Business processes
- Merging DTS with NFON AG
- Modernising the technological basis of our products
- Developing our AI approach
- Centring our business strategy around our customers and sales partners by reorganising our sales structures.
Internal system landscape
- Optimise our Business Support System (BSS) along the customer value chain
- Review our internal IT landscape to create our NFON IT target image
Earnings Call 3M 2024 - 23 May 2024 5
Transformation as the basis for innovation
The "AI revolution" - driven by large language model (LLM) innovations - is starting to impact the business communications market
Our approach
Leverage the technology to solve business problems, improve customer experience and drive operational excellence
Initial focus
- Product: use of AI in conjunction with CC Hub
− Know-how: build up broad internal AI competence
- Processes: leverage AI to automate and improve internal processes
Next steps
- Integrate and leverage AI with a clear focus on
business value for our customers and partners
Contact Centre Hub
- AI Agent Chat bot
- AI Agent Voice bot
- AI Agent Email bot
- AI Agent GPT Knowledge bot
- Smart Call Transcription
- CC Hub Copilot
Earnings Call 3M 2024 - 23 May 2024 | 6 |
Financial figures
3M 2024
3M 2024 results at a glance
Recurring
revenue Recurring revenue growth of 2.8% compared to 3M 2023 growth
Recurring
revenueIncreased high share of recurring revenue of 93.6% share
Adjusted | Improved adjusted EBITDA of EUR 2.8 million |
EBITDA | |
Earnings Call 3M 2024 - 23 May 2024 | 8 |
Continuously growing share of recurring revenue
Development of total recurring vs. non-recurring revenue in EUR million
+2.2%
COMMENTS
75.9
7.9
68.0
89.5
2021
80.8
7.2
73.6
91.1
2022
20.8
93.1
1.4
19.3
3M 2023
82.3
5.2
77.1
93.7
2023
21.2
93.6
1.4
19.9
+2.8%
3M 2024
- Recurring revenue grew moderately by 2.8% compared to 3M 2023
- Acquisition of new customers
- Increase in installed extensions (seats) within the existing customer base particularly in Germany and Austria
- Offering enhanced products (Premium Solutions) to existing customers
- Total revenue growth of 2.2% in comparison with 3M 2023 due to decrease of non-recurring revenue by -6.1%
- Enhanced high share of recurring revenue in total revenue of 93.6% provides predictable revenue streams
Recurring revenue | Non-recurring revenue | Share of recurring (in %) | |
Earnings Call 3M 2024 - 23 May 2024 | 9 |
Reliably high gross margin again with increasingly positive development
Development of COGS (adj.)1 | +0.0% |
in EUR million and gross margin2 |
COMMENTS
14.514.4
13.0
84.3 | 84.1 |
83.7 |
82.2
81.0
3.4 | 3.4 |
2021 | 2022 | 3M 2023 | 2023 | 3M 2024 |
Gross margin (in %)
- Improved gross margin compared to the same period last year due to successfully growing share of high-margin sales
- Cost of materials is largely variable in nature and mainly comprises costs for hardware sold, costs for airtime sold and data centre housing costs
- Cost of materials was at the same level as in the same period of the previous year
- This again results in a low material cost ratio of 15.9% compared to the same period of the previous year (3M 2023: 16.2%)
1Cost of materials adjusted for changes in inventories of finished goods | Earnings Call 3M 2024 - 23 May 2024 | 10 |
2Gross margin defined as (revenue - adj. cost of materials)/ revenue |
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Disclaimer
NFON AG published this content on 22 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2024 07:56:02 UTC.
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Company Profile
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 Companyâs 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.
Sector
Integrated Telecommunications Services
Calendar
2024-06-27 - Annual General Meeting
More about the company
Income Statement Evolution
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Ratings for NFON AG
Trading Rating
Investor Rating
ESG Refinitiv
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Analysts' Consensus
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
5.35EUR
Average target price
9.65EUR
Spread / Average Target
+80.37%
Consensus
EPS Revisions
Estimates Revisions
Quarterly revenue - Rate of surprise
Company calendar
Sector VOIP Services
| 1st Jan change | Capi. | |
|---|---|---|
NFON AG | -22.01% | 96.09M |
VOIP-PAL.COM INC. | -15.84% | 55.38M |
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