Company Name: NFON AG ISIN: DE000A0N4N52   Reason for the research: Update Recommendation: Buy from: 22.11.2024 Target price: EUR 11.70 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Strongly improved Q3 beats profitability estimates; chg. Q3 sales came in at € 21.7m (eNuW: € 21.6m) [ … ]

Company Name: NFON AG ISIN: DE000A0N4N52   Reason for the research: Update Recommendation: Buy from: 13.11.2024 Target price: EUR 11.70 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Q3e: Further improving top-line & profitability, chg. NFON will release Q3 figures on 21st November. Overa [ … ]

Strong Q1 displays ongoing operational improvements; chg. NFON released Q1 results, showing a continuously strong recurring revenue ratio as well as further profitability improvements. In detail: Q1 recurring revenues increased by 2.8% yoy to € 19.9m (eNuW: € 20.4m) and remained at a continuously strong ratio of 93.6% as total sales [ … ]

Final FY no surprise after strong prelims / chg. NFON published final FY 2023 figures, which were in line with the preliminary results published in early March. FY recurring revenues stood at € 77.1m, up 4.8% yoy at a continuously strong recurring revenue ratio of 93.7%. This was particularly driven by further key account gains as well as  [ … ]

FY ’23 prelims: Another beat on the bottom-line; chg. est. Yesterday, NFON released FY ’23 prelims, which show moderate top-line growth but strong profitability improvements as well as another guidance beat. The FY24 guidance points towards further ARR growth and an improving profitability. In detail: FY recurring revenues came in a [ … ]

Recent weakness should be a clear BUYing opp. In our view, the recent share price weakness (-23% YTD) is highly unjustified and should rather offer an attractive entry point as we advise investors to BUY the dip. Here is why: Operational turnaround in full swing. As outlined in our recently published long-note (click here), things took a turn [ … ]

Operational turnaround in full swing – Added to Alpha List; chg. While the company has not been on the radar of most investors due to rather underwhelming operating performances in recent years, efficiency measures, which have been imposed lately as well as the reorganization of the topand C-level management are starting to bear fruit, t [ … ]

Strong Q3 bottom-line leads to another upgrade; chg. Yesterday, NFON released a strong set of Q3 results. While recurring revenues were in line with our estimates, the company provided a significant beat on the bottom line. Q3 recurring revenues came in at € 19.4m, up 5.3% yoy (eNuW: € 19.4m) based on a slightly increased seat base  [ … ]

Q3e: Cost savings continue to bear fruit ; chg. NFON will release Q3 figures on November 23rd, which are seen to show steady top-line growth paired with sound profitability following the implementation of several cost-saving measures. Q3 recurring revenues are expected to increase by 5.6% to € 19.4m based on an increased seat base (eNuW: [ … ]