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MarketScreener Homepage  >  Equities  >  Xetra  >  NFON AG    NFN   DE000A0N4N52

NFON AG

(NFN)
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NFON : starts sales in France

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06/27/2019 | 03:10am EST

NFON AG / Key word(s): Miscellaneous
NFON AG starts sales in France

27-Jun-2019 / 09:08 CET/CEST


NFON AG starts sales in France

- NFON AG appoints Laurent Lhermitte as Managing Director NFON France

- Paris as new business location

Munich, 27 June 2019 - NFON AG, the only pan-European Cloud PBX provider, today announces the launch of its sales activities in France. As planned, NFON AG is thus opening a branch in another European country with its own subsidiary, NFON France - based in Paris. France is the 15th country in which the NFON Group is active. "With this year's opening of our location in France, we are not only fulfilling a stock market promise, but are also entering one of the most important key markets for cloud telephony," explains Hans Szymanski, Chief Executive Officer and Chief Financial Officer of NFON AG. "With around 27 million* employees, France is one of the founders of an impressive digitization offensive in Europe, alongside the United Kingdom, Spain, Italy and Germany, for example. Transformation processes and their possibilities are taken seriously here and form the basis for an enormous growth potential for telephony solutions from the cloud".

Freedom in business communication

The market for telephone systems from the cloud is growing steadily. From 2017 to 2022, cloud extensions will increase from 13 million to 26 million in Europe - the market share in France alone will increase from currently eight to 12 percent by 2020.* "France is a country with a strong cloud affinity and offers plenty of room for growth," says Laurent Lhermitte, Managing Director of NFON France. "The spread of modern cloud solutions is progressing. With our core product Cloudya, the telephone system from the cloud, and our premium solutions such as Ncontactcenter, Nhospitality and Neorecording, we are entering this key market at absolutely the right time. After all, it's all about freedom of business communication: simplicity, independence and reliability are the top priorities. That's the future of telephony, that's our offer for France." And Laurent Lhermitte knows this market exactly: In the course of his career, the sales specialist has held responsible positions as an experienced manager in the French telecommunications market: Among others at Completel, QuesCom and iQsim. "Laurent is the proven channel professional in France. Together with him and his team, NFON France will contribute to the European success story of the NFON Group as a disruptive and dynamic player in France," César Flores Rodríguez, Chief Sales Officer of NFON AG.

In the fast lane

Since its foundation in 2007, NFON AG has been continuously growing. The IPO in 2018 (Frankfurt Stock Exchange, Prime Standard) was an important step for NFON's expansion plans. With the launch of the new core product Cloudya, the takeover of Deutsche Telefon Standard AG at the beginning of the year and the opening in Italy, the corporate strategy is consistently continued: Growth! Hans Szymanski: "Already in the first half of the year we are proving a high number of successful companies. Now we will intensify business in the existing key countries - with a clear focus on becoming number 1 in Europe".

*(approx. 18 million in small and medium-sized enterprises and 9 million in large enterprises at 16 million desk phones / Own market model, based on Cavell/MZA)

Press-Kit

Laurent Lhermitte, Managing Director, NFON France; Hans Szymanski, Chief Executive Officer and Chief Financial Officer, NFON AG; César Flores Rodríguez, Chief Sales Officer, NFON AG

Investor Relations Contact

NFON AG
Sabina Prüser
Head of Investor Relations
+49 89 45300 134
sabina.prueser@nfon.com

Media Contact

NFON AG
Thorsten Wehner
Vice President Public Relations
+49 89 45300 121
thorsten.wehner@nfon.com

About NFON AG

Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider - counting more than 30,000 companies across 15 European countries as customers. With Cloudya, NFON offers an easy-to-use, independent and reliable solution for advanced cloud business communications. Further premium and industry solutions complete the portfolio in the field of cloud communications. With our intuitive communications solutions, we enable European companies to improve their work a little, every single day. NFON is the new freedom in business communication. http://www.nfon.com/

Disclaimer

This announcement is not an offer of securities for sale in the United States of America. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act. No public offering of securities of the Company is being made in the United States of America and the information contained herein does not constitute an offering of securities for sale in the United States of America, Canada, Australia, Japan or any other jurisdiction in which such offering would be unlawful. This announcement is not for release, publication or distribution directly or indirectly in or into the United States of America, Australia, Canada, Japan or any other jurisdiction in which the distribution or release would be unlawful or to U.S. persons. In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (each such person hereinafter a "relevant person"). Any person who is not a relevant person should not act or rely on this information or any of its contents. This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. Group and its subsidiaries, including assessments, estimates and forecasts regarding the financial position, business strategy, plans and objectives of management and future operations of NFON and the NFON Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the results of operations, profitability, performance or results of NFON or the NFON Group to differ materially from those expressed or implied by such forward-looking statements.

These forward-looking statements are made as of the date of this press release and are based on numerous assumptions that may prove to be incorrect. NFON makes no representations and assumes no liability with regard to the proper presentation, completeness, correctness, appropriateness or accuracy of the information and assessments contained herein. The information contained in this press release is subject to change without notice. They may be incomplete or abbreviated and may not contain all material information relating to NFON or the NFON Group. NFON assumes no obligation to publicly update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. This press release is not an offer to buy or subscribe for securities and should not be construed as a basis for investment decisions in NFON or the NFON Group, in whole or in part.



Dissemination of a Financial Wire News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Language: English
Issuer: NFON AG
Machtlfinger Straße 7
81379 Munich
Germany
Phone: +49 89 453 00 0
E-mail: info@nfon.com
Internet: www.nfon.com
ISIN: DE000A0N4N52
EQS News ID: 831985

 
End of Announcement - EQS News Service

831985  27-Jun-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=831985&application_name=news&site_id=zonebourse

© EQS 2019
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Sales 2019 58,3 M
EBIT 2019 -7,80 M
Net income 2019 -9,33 M
Finance 2019 16,2 M
Yield 2019 -
P/E ratio 2019 -15,0x
P/E ratio 2020 -20,8x
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Mean consensus BUY
Number of Analysts 4
Average target price 16,53  €
Last Close Price 9,98  €
Spread / Highest target 80,5%
Spread / Average Target 65,7%
Spread / Lowest Target 45,4%
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Hans Szymanski Chief Executive & Financial Officer
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