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EQS-News: NFON AG / Key word(s): AGM/EGM
NFON AG reported on a successful year in 2023 and on its future strategy at its Annual General Meeting
2024-06-28 / 15:10 CET/CEST
The issuer is solely responsible for the content of this announcement.
NFON AG reported on a successful year in 2023 and on its future strategy at its Annual General Meeting

. NFON successfully launched a transformation process and strategic realignment in 2023
. Andreas Wesselmann, CTO of NFON AG since the beginning of 2024, presented plans to strengthen innovation
and talked about the use of artificial intelligence at NFON
. 82.12 % of the share capital were represented at the Annual General Meeting; all items on the agenda were
adopted by a large majority

Munich, 28 June 2024-NFON, a leading European provider of integrated cloud business communications, held its Annual
General Meeting for the fiscal year 2023 today. Numerous shareholders gathered at the Munich Stock Exchange for a
face-to-face meeting with the Management Board of NFON AG. The share capital represented was 82.12 %. All items on the
agenda were approved by a large majority.
The Chief Technology Officer (CTO) Andreas Wesselmann, who has been a member of the NFON Management Board since the
start of 2024, also took the opportunity of the meeting in Munich to introduce himself to the shareholders in person.
As CTO, two of his main priorities are to convert technological innovations for NFON's cloud software solutions into
scalable business models and to further develop existing products and solutions reliably and economically. In the field
of artificial intelligence in particular, Andreas Wesselmann would like NFON to lead the way as an innovative pioneer
and create added business value. NFON's own AI Competence Centre is an integral part of this strategy. Before joining
NFON, he was a member of SAP's Global Leadership Team and Senior Vice President for SAP HANA Database & Analytics.
NFON is focusing on operational excellence with the aim of fulfilling its self-defined corporate image as an innovative
pioneer of integrated cloud business communications in the European market and leveraging market potential accordingly
in the future. Key measures to achieve this were already implemented in the second half of 2023, with the replacement
and reorganisation of management levels, including the introduction of new areas of responsibility at C-level. Measures
to optimise the process and system landscape were also implemented across the board in 2023. Despite economic
uncertainties and a clear reluctance to invest on the part of companies, NFON was able to increase revenue in the
fiscal year 2023 to 82.3 million, with recurring revenue increasing by 4.8% to 77.1 million. This corresponds to a very
high proportion of recurring revenue of 93.7%. The adjusted earnings before interest, tax, depreciation and
amortisation (adjusted EBITDA) increased significantly by around 9 million euros to 8.4 million euros.
Looking to the future, the Management Board's primary goal is to ensure the company's sustained profitability. The
long-term goal is for profitability to grow at a faster rate than revenue, with revenue growth at least matching market
growth. To achieve operational excellence as a solid foundation for this, NFON will continue to systematically drive
forward its transformation in the current fiscal year 2024.
Patrik Heider, CEO and CFO of NFON AG: "2023 was an important and successful year for NFON. We have made strategic
decisions and initiated a transformation process. We are heading towards sustainable profitable growth and are focusing
on being a technological pioneer in the market with innovations and the use of artificial intelligence. Fortunately,
our measures have already had a positive effect on our performance in the fiscal year 2023 and we were able to achieve
a positive free cash flow for the first time since the IPO. In the first quarter of 2024, we continued our positive
development and expect to see profitable growth for 2024 as well thanks to the impetus generated by our strategic
measures."
The voting results for the Annual General Meeting 2024 are available to download on NFON's corporate website in the
Investor Relations/Annual General Meeting section.
Investor Relations contact
NFON AG
Friederike Thyssen
Vice President for Investor Relations & Sustainability
+49 89 453 00-449
ir-info@nfon.com
cometis AG
Claudius Krause
+49 611 205855-28
krause@cometis.de

Media contact
NFON AG
Thorsten Wehner
Vice President for Public Relations
+49 89 453 00-121
thorsten.wehner@nfon.com

About NFON AG
NFON AG, which is headquartered in Munich, is a leading European provider of integrated cloud business communications.
The listed company (Frankfurt Stock Exchange, Prime Standard) with more than 3,000 partners in 18 European countries
and eight branches counts more than 55,000 companies among its customers. The NFON portfolio comprises four areas:
Business Communications, Integration, Customer Contact and Enablement. With its core product Cloudya, the smart cloud
communications platform, NFON offers hassle-free voice calls, simple video conferencing and seamless integration of CRM
and collaboration tools for small and medium-sized companies.
All NFON's cloud services are operated in certified data centres in Germany, with 100% of their energy needs covered by
renewable sources. NFON accompanies companies into the future of business communication by offering intuitive
communication solutions.
http://www.nfon.com/

Disclaimer
This notification is provided for information purposes only and constitutes neither an offer to sell nor an invitation
to buy or subscribe to securities of the company. The securities discussed in this notification are not and will not be
registered under the US Securities Act of 1933 as amended ("US Securities Act") and are permitted to be sold or offered
for purchase in the United States of America only after prior registration or on the basis of an exemption under the US
Securities Act. No public offer of the securities discussed in this notification will be made in the United States of
America and the information contained in this notification does not constitute an offer to buy securities. This
notification is not intended for direct or indirect distribution, publication or dissemination to or within the United
States of America, Australia, Canada, Japan or other countries in which the distribution of this notification is
unlawful, or to US persons.
2024-06-28 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      NFON AG 

Zielstattstr. 36
81379 Munich
Germany

Phone:        +49 89 453 00 0 
E-mail:       ir-info@nfon.com 
Internet:     https://corporate.nfon.com 
ISIN:         DE000A0N4N52 
WKN:          A0N4N5 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1934053

End of News EQS News Service
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1934053 2024-06-28 CET/CEST

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END) Dow Jones Newswires

June 28, 2024 09:11 ET (13:11 GMT)