NFON AG reported on a successful year in 2023 and on its future strategy at
its Annual General Meeting

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

28.06.2024 / 15:10 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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.


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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   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 28.06.2024 CET/CEST