NFON reports record revenue and first-time breakeven

NFON AG has reported record revenue for 2017 and first-time breakeven on Group level.

Over the past three years total revenue increased at a compound annual growth rate (CAGR) of more than 30%.

In Germany, the company's home market, growth over the same period was at 25% and reached 48% in the company's international markets.

Supported by further expansion of the company's international business, total revenue grew to 35.7m euros in 2017 from 30.4m euros in the previous year, whereas 2016 revenue was boosted by a development project with a wholesale partner amounting to 1.5m euros.

For the first time, NFON surpassed the break-even point in 2017 with an adjusted EBITDA margin of 0.5% (2016: -1.3%).

Headquartered in Munich, the company serves more than 15,000 business customers in 13 European countries.