With total revenues of €80.8 million, this represents a very high share of recurring revenues of 91.1 per cent up from 89.5 per cent in 2021.
The number of extensions (seats) installed at the customer’s premises was expanded by 8.0 per cent to 634,288, up from 587,067 the previous year. Average revenue per user for financial year 2022 was at the pre-pandemic level of €9.72.
Due to high investments in growth in the first half of 2022, earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR -5.3 million in the reporting period.
Klaus von Rottkay, CEO, NFON (pictured), said, “With the growth investments we have made thus far, we have laid a successful foundation for sustainable and profitable growth in 2023 and beyond.
“Through the targeted expansion of the product portfolio, the development into a leading channel position as well as selective strategic partnerships with a clear profitability strategy, we feel that NFON is well positioned to become a leading provider of integrated business communications in Europe in the years to come.”