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Vonex Managing Director Matt Fahey

Vonex flags sales growth acceleration in FY2020

Vonex has gone from strength to strength since listing on the Australian Stock Exchange in June last year with the company now on track for a 30% increase in new customer sales year-on-year in the current quarter.

The company has already seen revenues rise 11.4% year-on-year to $2.35 million for the quarter ended 30 June 2019 while new customer sales increased by 38% year-on-year in the same quarter.

Sales growth is forecast to accelerate throughout the 2020 financial year due to an ongoing national marketing campaign, automation of many aspects of sales ordering and management and recruitment of sales personnel, according to the company.

Vonex has also enjoyed a substantial boost in brand awareness, which is demonstrated by increased engagement with its social media accounts.

Management said that page likes increased by more than 400% on the typical monthly average on news of the launch of its strategic partnership with Qantas Business Rewards in August.

Additionally, the company’s social media posts in the 2019 financial year averaged about 6,600 views per post, up 471% from the previous financial year.

The marketing efforts, increased brand awareness and Qantas Business Rewards partnership have all contributed to further growth in Vonex’s retail business with the company now counting 32,000 registered users for its core cloud-based private automatic branch exchange telephony business.

Managing Director Matt Fahey said:“We are extremely pleased to see growth in active PBX users steadily increase. This reflects our ongoing marketing efforts and recent key partnership with Qantas Business Rewards, which has translated into increased brand awareness.”

“The significant boost in engagement across our social media sites, and rapidly accelerating sales, are key metrics that show the business continues to move in the right direction.”

 

Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au

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