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 one of Asia-Pacific's fastest growing technology companies. Listed on the ASX since 2006, it is now capitalised at around $320M, and twice winner of the Forbes Asia-Pacific "Best under a Billion" award. Headquartered in Sydney, Australia, the company has over 500 people located across Asia-Pacific, Europe and North America. MNF develops and operates a global communications network and software suite enabling some of the world’s leading innovators to deliver new-generation communications solutions.
As the world moves to IP, MNF Group is building the brands, services, network and technology to lead the way.
For further information about MNF Group Limited please visit: http://mnfgroup.limited/
MNF Group Ltd