CEO Outlines Strategy for Growth
Building for Growth
MNF Group is on the verge of a global & domestic organic growth phase. There are more opportunities for new business than MNF can service today. In the AGM presentation video, MNF Group CEO outlines how in the new financial year, the focus will be on prioritising in order to deliver highest growth opportunities & capitalise on customer demand.
MNF Group's long-term strategic growth is anchored on two fronts. Firstly, taking the Group's value-added wholesale services global by leveraging the TNZI network assets. Secondly, continuing organic growth domestically by leveraging the existing Small to Medium Business and Wholesale Managed Service product offerings in the domestic market. Further insights into these opportunities are provided in the AGM video.
With the recently announced upgrades to the MNF Group's global TNZI voice network, one key area of focus will be on ramping up the domestic & global wholesale customer base. This segment's strong FY15 performance and further growth potential are discussed in the AGM video, including the compounded growth achieved when service provider customers also grow their own service volumes.
Change of Name
In the AGM presentation video, MNF Group CEO provides insight into rationale behind the company name change and how this will support the continuing growth strategy of the Group.
Highlights of Financial Year 2015
The AGM presentation covers MNF Group' four consecutive years of profitable double digit EBITDA and NPAT growth, the Group's FY15 results delivering an EBITDA of $12.2m, 9% over original FY15 forecast. This is set to grow further in FY16, with a forecast of 42% EBITDA growth to $17.3m for FY16.
With a discerning and conservative approach, the Board of MNF Group will continue to actively search for and examine further acquisition opportunities, whilst remaining totally committed to driving growth and performance within the business.
MNF Group remains confident that the company will achieve solid growth in the coming year and well into the future.
To view the AGM video, please visit:
About MNF Group Ltd
MNF Group Limited (ASX:MNF) is an integrated telecommunications software and network provider, specialising in Internet communications. MNF Group was founded in 2004 and listed on the ASX in 2006. The company has 73.4 million shares on issue and has operated profitably since 2009 paying dividends to its shareholders every six months since September 2010.
The Group operates a global Smart Network carrying over 6 billion voice minutes per annum, with Points of Presence (POPs) in Los Angeles, New York, Hong Kong, Singapore, London, Frankfurt, Sydney and Auckland. Domestically, the Group operates the largest, fully interconnected IP Voice network in Australia.
MNF Group has a reputation for quality, value and innovation, being the recipient of numerous awards including the ACOMMS award for innovation (2017, 2016), Edison Award (2017), the Australian Growth Company Awards (2016), the iAwards for Innovation (2016), Forbes Asia's 200 Best Under a Billion (2014 & 2015), Deloitte Technology Fast 50 (2008, 2009, 2010, 2012, 2013, 2014) and CeBIT Outstanding Project Award (2013), and many more.
MNF Group companies includes retail brands: MyNetFone, Connexus, CallStream, PennyTel and The Buzz; conferencing brands Ozlink, Eureka, Express Virtual Meetings and wholesale brands TNZI, Symbio Networks and iBoss.
For further information about MNF Group Limited please visit: http://mnfgroup.limited/
MNF Group Ltd