NFON AG confirmed guidance for the full year 2020. The company was able to continue growth course in the first three months and can therefore also expressly confirm forecast for the full year. This shows the successful implementation of growth strategy and that the acquisition of DTS at the end of the first quarter of 2019 was exactly the right decision. The company was able to significantly increase the number of seats and thus further strengthen the basis for high share of recurring revenues.
Nfon AG is a Germany-based company that provides cloud-based telephone systems. Its product and service offering includes primarily NFON Cloud Telephone System, a public multi-tenant PBX delivering servicing from the cloud, as well as specialist solutions. The Companyâs services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. Its customers range from local small businesses to international large enterprises. The Company is active in various European countries, including Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, the United Kingdom, Slovenia, Slovakia, Spain, Croatia, Romania and Portugal.