News
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PRESS RELEASE
Original-Research: NFON AG (von NuWays AG): BUY
NFON AG, a German market leader in integrated business communication, has shown significant improvements in operational performance and efficiency. With the arrival of a new CEO, the company is on track to achieve profitability and positive free cash flow in 2024. The structural growth of the European cloud-PBX market and the implementation of cost-saving measures contribute to the company's positive outlook. Despite the recent decline in share price, NFON's valuation remains attractive, making it a recommended BUY with an increased PT of €11.70 based on DCF. -
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