NFON AG provided earnings guidance for 2019. For the year 2019 as a whole, the company is therefore now planning growth in seats of between 39% and 41%. This results in expected total revenue growth of between 30% and 33% compared to the previous year with a share of recurring revenues of between 80% and 85% (previous forecast: revenue increase of 40% to 45% compared to the previous year, albeit at the lower end of the range and seat growth of at least 45%).
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.
NFON AG 
