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Nfon grows revenues, EBITDA, seats in 2020

Thursday 4 March 2021 | 16:42 CET | News
European cloud PBX provider Nfon said that, based on preliminary results, its recurring revenues rose by 23.6 percent year-on-year in 2020 to EUR 59.4 million, from 48.1 million the year before. Total revenues increased by 18.4 percent to EUR 67.6 million. The share of recurring revenues on total revenue went up to 87.8 percent from 84.1 percent. The number of seats installed at customer premises lifted by 16.7 pecent, or 75,080, to 524,791. Nfon struggled to add seats in the second half due to lockdowns and uncertainties caused by the pandemic, with the trend continuing in the first quarter

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Categories: Fixed
Companies: Nfon
Countries: Europe
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